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Mathematics, 25.11.2021 08:20 organdonor626
Let P(t) denote the profit made by a company when t dollars are invested in advertising. The marginal profit is dP/dt .
(a) Explain the meaning of dP dt in practical terms. The expression dP dt is the additional profit expected if 1 more dollar is invested in advertising. The expression dP dt is the total profit expected if t more dollars are invested in advertising. The expression dP dt is the difference between the expected profit and the actual profit. The expression dP dt is the additional profit expected if t more dollars are invested in advertising. The expression dP dt is the total profit expected if 1 more dollar is invested in advertising.
(b) If the marginal profit is positive, should you invest more or less money in advertising
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Let P(t) denote the profit made by a company when t dollars are invested in advertising. The margina...
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