The sales of a product produces revenue R(x) where x represents the amount spent on advertising. R(x) =- 1 (225x-x'), 05xS225 where x and R(x) are in thousands of dollars. How much should the 20,000 company spend in advertising to maximize revenue? Is there a point of diminishing returns (inflection point) for this model? If so, what is it?
The sales of a product produces revenue R(x) where x represents the amount spent on advertising. R(x) =- 1 (225x-x'), 05xS225 where x and R(x) are in thousands of dollars. How much should the 20,000 company spend in advertising to maximize revenue? Is there a point of diminishing returns (inflection point) for this model? If so, what is it?
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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![The sales of a product produces revenue R(x) where x represents the amount spent on advertising,
R(x)3=
1
225x -x'),
0<x< 225 where x and R(x) are in thousands of dollars. How much should the
20,000
company spend in advertising to maximize revenue? Is there a point of diminishing returns (inflection point)
for this model? If so, what is it?
RCX)= X[p(x)]
RCX)= X
(225xY
20,000
ROX) = 9x3
B00
4
20,000
3.
R'CX)= -X
+ 27x2
5000
Boo
tion](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc82b0f05-2033-4339-b314-7c627e3238ac%2Fc5e18f2c-ab37-4778-b036-c82ab7cd4ff0%2F6jwpas_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The sales of a product produces revenue R(x) where x represents the amount spent on advertising,
R(x)3=
1
225x -x'),
0<x< 225 where x and R(x) are in thousands of dollars. How much should the
20,000
company spend in advertising to maximize revenue? Is there a point of diminishing returns (inflection point)
for this model? If so, what is it?
RCX)= X[p(x)]
RCX)= X
(225xY
20,000
ROX) = 9x3
B00
4
20,000
3.
R'CX)= -X
+ 27x2
5000
Boo
tion
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