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(Solved): Suppose that a company's daily sales volume attributed to an advertising campaign is given by the ...
Suppose that a company's daily sales volume attributed to an advertising campaign is given by the following equation. 12 (t + 2)² (a) Find how long it will be before sales volume is maximized. t = days S(t) = 4 t + 2 +8 (b) Find how long it will be before the rate of change of sales volume is minimized. That is, find the point of diminishing returns. t = days
Expert Answer
We have : a) We first find S'(t) and then put is equal to 0 to find our required value of t, let it be t0. We then find S''(t0). If it comes out to be less than 0 then we