Math Problem Statement

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Math Problem Analysis

Mathematical Concepts

Cost Function Analysis
Average Cost
Marginal Cost
Optimization

Formulas

Cost Function: C(x) = 16900 + 400x + x^2
Average Cost: AC(x) = C(x)/x
Marginal Cost: MC(x) = dC(x)/dx

Theorems

Derivative for Marginal Cost
Optimization of Average Cost

Suitable Grade Level

Undergraduate