In: Economics
A T-shirt manufacturer is planning to expand its workforce. It estimates that the number of T-shirts produced by hiring x new workers is given by T(x)equalsnegative 0.25 x Superscript 4 Baseline plus 8 x cubed, 0less than or equalsxless than or equals24. When is the rate of change of T-shirt production increasing and when is it decreasing? What is the point of diminishing returns and the maximum rate of change for T-shirt production? Graph T and Upper T prime on the same coordinate system.