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Question
The profit P (in thousands of dollars) for a company spending an amount s (in thousands of dollars) on advertising is
The point of diminishing returns is the point at which the rate of growth of the profit function begins to decline. Find the point of diminishing returns. Round your answer to the nearest thousand dollars.A) 40 thousand dollars
B) 120 thousand dollars
C) 96 thousand dollars
D) 160 thousand dollars
E) 80 thousand dollars
Answer
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