The profit P (in thousands of dollars) for a company that spends an amount s (in thousands of dollars) on advertising is P = − 1/10s^3 + 15s^2 + 400.
Find the point of diminishing returns.
2 answers
define "point of diminishing returns", not familiar with this kind of math
point of diminishing returns is the point at which the growth rate of the earnings function begins to decline.