The profit P (in thousands of dollars) for a company spending an amount s (in thousands of dollars) on advertising is The point of diminishing returns is the point at which the rate of growth of the profit function begins to decline.Find the point of diminishing returns.Round your answer to the nearest thousand dollars.
A) 43 thousand dollars
B) 130 thousand dollars
C) 104 thousand dollars
D) 173 thousand dollars
E) 87 thousand dollars
Correct Answer:
Verified
Q222: Minimum cost.From a tract of land,a developer
Q223: Find the dimensions of the rectangle of
Q224: Volume.A rectangular box with a square base
Q225: If the total cost function for a
Q226: Production.Suppose that the total number of units
Q228: A Norman window is constructed by adjoining
Q229: If the total revenue function for a
Q230: Determine the dimensions of a rectangular solid
Q231: A rectangular page is to contain 144
Q232: A firm has total revenue given by
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents