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Exercise 5.7.17 A retailer determines that their revenue R as a function of the amount q (in thousands of dollars) spent
Posted: Wed Jul 13, 2022 5:08 am
by answerhappygod
- Exercise 5 7 17 A Retailer Determines That Their Revenue R As A Function Of The Amount Q In Thousands Of Dollars Spent 1 (29.68 KiB) Viewed 25 times
Exercise 5.7.17 A retailer determines that their revenue R as a function of the amount q (in thousands of dollars) spent on advertising can be approximated by R(q)=−0.003q3+1.35q2+2q+80000≤q≤400 thousands of dollars. (a) Determine the concavity of R using intervals and determine if there are any inflection points. (b) If the retailer currently spends $140,000 on advertising, should they consider increasing this amount?