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 For The Life Sciences

2nd Edition

ISBN:9780321964038

Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Chapter4: Calculating The Derivative

Section4.2: Derivatives Of Products And Quotients

Problem 2E

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