The Profit P (In Thousands of Dollars) for a Company $P = - \frac { 1 } { 10 } s ^ { 3 } + 40 s ^ { 2 } + 1000$

question 10

Multiple Choice

The profit P (in thousands of dollars) for a company spending an amount s (in thousands of dollars) on advertising is $P = - \frac { 1 } { 10 } s ^ { 3 } + 40 s ^ { 2 } + 1000$ 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)67 thousand dollars
• B)200 thousand dollars
• C)160 thousand dollars
• D)267 thousand dollars
• E)133 thousand dollars

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Definitions:

Ordinary Repairs

Expenses for routine maintenance and repairs that maintain the efficient operation of an asset but do not materially extend its life or increase its value.

Hydraulic Lift

A system that uses a fluid-driven mechanism to lift or move objects, often utilized in various machinery and equipment.

Appraised Value

The estimated monetary value of an asset determined by a qualified appraiser based on its condition and market trends.

Par Value

A nominal or face value assigned to a share of stock, often used in accounting to represent the minimum price at which shares can be issued.