Solution) The profit P (in thousands of dollars) for a company spending and amount of s (in thousands of dolla
Question: The profit P (in thousands of dollars) for a company spending and amount of s (in thousands of dollars) on advertising is
\[P=-\frac{{{s}^{3}}}{10}+6{{s}^{2}}+400\](a) Find the amount of money the company should spend on advertising in order to yield a maximum profit.
(b) The point of diminishing returns is the point at which the rate of growth of the profit begins to decline. Find the point of diminishing returns.
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Solution: The solution file consists of 1 page
Deliverable: Word Document
Deliverable: Word Document