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Question
A company determines that if thousand dollars are spent on advertising a certain product, then units of the product will be sold, where
a. Sketch the graph of .
b. How many units will be sold if nothing is spent on advertising?
c. How much should be spent on advertising to maximize sales? What is the maximum sales level?
Solution
VerifiedAnswered 2 years ago
Answered 2 years ago
Step 1
1 of 8We know:
Point c is relative maximum if to left and on right of point c.
Point c is relative minimum if to left and on right of point c.
Point c is not relative extremum if both sides have the same sign.
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