Production point of diminishing returns-nbspa baseball cap, Ask an Expert

Management Studies

Production: point of diminishing returns:-

A baseball cap manufacturer is planning to expand its workforce. It estimates that the number of baseball caps produced by hiring x new workers is given by

T(x)=-0.25x⁴ + 6x³ 0<=x<=18

When is the rate of change of baseball cap production increasing and when is it decreasing? What is the point of diminishing returns and the maximum rate of change of baseball cap production? Graph T and on the same coordinate system.

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Project Management, Management Studies

Category:- Project Management
Reference No.:- M92023557

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