The profit (in thousands of dollars) from the expenditure of x thousand dollars on advertising is given by P(x) 1000 32x 2x 2 Find the marginal profit at the following expenditures In each case, decide whether the firm should increase the expenditure (a) $8000 (b) $6000 (c) $12,000 (d) $20,000 ...

Px 1000 32x 2x 2 a 8000 is 8 thousands so x 8 P8 32 ...

The profit (in thousands of dollars) from the expenditure of x thousand dollars on advertising is given

Question:

The profit (in thousands of dollars) from the expenditure of x thousand dollars on advertising is given by P(x) = 1000 + 32x - 2x². Find the marginal profit at the following expenditures. In each case, decide whether the firm should increase the expenditure.
(a) $8000

(b) $6000
(c) $12,000

(d) $20,000

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