The balance after the grace period is $15,000. A payment of $5,000 is made on the
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Complete Question
The complete question is shown on the first uploaded image
Answer:
The point of diminishing returns (x , y ) is (11, 21462)
Step-by-step explanation:
From the question we are told that
The function is
Here R(x) represents revenue (in thousands of dollars) and x represents the amount spent on advertising (in thousands of dollars).
Now differentiating R(x) we have
Finding the second derivative of R(x)
at inflection point
So
=>
substituting value of x into R(x)
Now the point of diminishing returns (x , y ) i.e (x , R(x) ) is
(11, 21462)
