Math Problem Statement
Solution
The problem you've provided is about calculating the marginal profit of a firm based on the cost function and price function.
Given Information:
- Cost function: (where is the production quantity).
- Price function: .
You are asked to find the marginal profit when .
Steps to Solve:
- Revenue Function: The revenue is given by . Since , the revenue function is: [ R(q) = (250 - 0.5q)
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Math Problem Analysis
Mathematical Concepts
Cost Function
Revenue Function
Marginal Profit
Optimization
Formulas
C = q^2 + 10q + 60
p = 250 - 0.5q
Revenue R(q) = p * q
Profit = Revenue - Cost
Marginal Profit = d(Profit)/dq
Theorems
Marginal Analysis
Profit Maximization
Suitable Grade Level
Grades 10-12
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