Given that R(x) =100

Given that R(x) =100 +36×2 — X3 represents the revenue generated by a product in thousands of dollars where x represents the amount spent on advertising inthousands of dollars. b. Calculate the amount spent on advertising that will maximize the revenue generatedby this product. All work must be shown!!! dollars spent onadvertising will maximize the revenue c. Calculate the maximum revenue that can be generated by this product according tothe above data Maximum Revenue = d. Calculate the amount spent on advertising that will result in a diminishing point ofreturn for this function if such a point exists. Show all of your work!! dollars spent on advertising will result in a point of diminishing returns

Don't hesitate - Save time and Excel

Are you overwhelmed by an intense schedule and facing difficulties completing this assignment? We at GrandHomework know how to assist students in the most effective and cheap way possible. To be sure of this, place an order and enjoy the best grades that you deserve!

Post Homework