Math Problem Statement

Solution

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Math Problem Analysis

Mathematical Concepts

Average rate of change
Instantaneous rate of change
Derivatives
Cost function

Formulas

C(x) = 4000 + 12x + 0.05x^2
Average rate of change: (C(a) - C(b)) / (a - b)
Derivative of a cost function: C'(x) = dC/dx

Theorems

Derivative rules
Quadratic functions

Suitable Grade Level

College level or Advanced High School Calculus