(c) Estimate the amount of money the company should spend (in dollars) on advertising in order to yield a maximum profit. $40 x (d) Estimate the point of diminishing returns. (x, P) = ( 20

College Algebra
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ISBN:9781337282291
Author:Ron Larson
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Chapter2: Functions And Their Graphs
Section: Chapter Questions
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The graph shows the profit P (in thousands of dollars) of a company in terms of its advertising cost x (in thousands of dollars). (Round your answers to the nearest whole number.)
Profit of a Company
P
4000
3500
3000
2500
2000
1500
1000
500
10
20
30
40
50
60
70
Advertising cost (in thousands of dollars)
(a) Estimate the interval on which the profit is increasing. (Enter your answer using interval notation.)
(0,40)
(b) Estimate the interval on which the profit is decreasing. (Enter your answer using interval notation.)
40,62)
(c) Estimate the amount of money the company should spend (in dollars) on advertising in order to yield a maximum profit.
40 X
(d) Estimate the point of diminishing returns.
(х, Р) 3 (20
Profit (in thousands of dollars)
Transcribed Image Text:The graph shows the profit P (in thousands of dollars) of a company in terms of its advertising cost x (in thousands of dollars). (Round your answers to the nearest whole number.) Profit of a Company P 4000 3500 3000 2500 2000 1500 1000 500 10 20 30 40 50 60 70 Advertising cost (in thousands of dollars) (a) Estimate the interval on which the profit is increasing. (Enter your answer using interval notation.) (0,40) (b) Estimate the interval on which the profit is decreasing. (Enter your answer using interval notation.) 40,62) (c) Estimate the amount of money the company should spend (in dollars) on advertising in order to yield a maximum profit. 40 X (d) Estimate the point of diminishing returns. (х, Р) 3 (20 Profit (in thousands of dollars)
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