Find the point of diminishing returns (x,y) for the function R(x), where R(x) represents revenue (in thousands of dollars) and x represents the amount spent on advertising (in thousands of dollars). R(x) = 10,000 -x³ + 33x² + 700x, 0≤x≤ 20 The point of diminishing returns is (Type an ordered pair.)
Find the point of diminishing returns (x,y) for the function R(x), where R(x) represents revenue (in thousands of dollars) and x represents the amount spent on advertising (in thousands of dollars). R(x) = 10,000 -x³ + 33x² + 700x, 0≤x≤ 20 The point of diminishing returns is (Type an ordered pair.)
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
Related questions
Question
q24-h8

Transcribed Image Text:Find the point of diminishing returns (x,y) for the function R(x), where R(x) represents revenue (in thousands of dollars)
and x represents the amount spent on advertising (in thousands of dollars).
R(x) = 10,000 - x³ + 33x² + 700x, 0≤x≤ 20
The point of diminishing returns is
(Type an ordered pair.)
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images

Recommended textbooks for you

Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated

Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education

Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY

Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated

Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education

Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY

Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,

