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What is the point of diminishing returns

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A telemarketing company estimates that it will be able to contact T(x) = 0.03x4 + 1.6x3 customers by hiring x new employees, where 0 ≤ x ≤ 50. What is the point of diminishing returns and the maximum rate of change of customers contacted? Explain the meaning of these values in the context of the problem.

Reference no: EM131125624

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