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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
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