Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Math 116 Quiz 2 Name 2. The sales function for a product is given by S(x)=80+50x+400x23100x3, where x represents thousands of dollars spent on advertising,

image text in transcribed
image text in transcribed
Math 116 Quiz 2 Name 2. The sales function for a product is given by S(x)=80+50x+400x23100x3, where x represents thousands of dollars spent on advertising, 0x8, and S is in thousands of dollars. Find the point of diminishing returns (i.e. the inflection point). Determine the amount spent on advertising as well as the sales in dollars (i.e. give both coordinates). Show all calculus steps for full credit. Point of diminishing returns: ( Amount Spent on Advertising: Sales in dollars

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions