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Advertising: point of diminishing returns. A company estimates that it will sell N(x) units of a product after spending $x thousand on advertising, as given by

N(x)= -0.25x4 + 23x3 - 540x2 + 80,000           24<=x<=45

When is the rate of change of sales increasing and when is it decreasing? What is the point of diminishing returns and the maximum rate of change of sales? Graph N and on the same coordinate system.

Project Management, Management Studies

  • Category:- Project Management
  • Reference No.:- M92023550

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