Coles Grant
01/18/2023 · Senior High School
Find the point of diminishing returns ( \( x, y \) ) for the given function, where \( R(x) \) represents revenue (in thousands of dollars) and \( x \) represents the amount spent on of dollars). \( R(x)=-0.6 x^{3}+3.7 x^{2}+5 x, 0 \leq x \leq 7 \)
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The point of diminishing returns is approximately (2.06, 20.73).
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