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
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