Math Problem Statement
Solution
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Math Problem Analysis
Mathematical Concepts
Cost Function
Price Function
Differentiation
Profit Maximization
Marginal Cost
Average Cost
Formulas
Marginal Cost = C'(x) = dC/dx
Average Cost = C(x) / x
Profit = Revenue - Cost
Price Function: p(x) = 200 - x / 400
Cost Function: C(x) = x^2 / 100 + 100x + 40
Theorems
Derivative for Marginal Cost
Setting the derivative of profit equal to zero for maximization
Suitable Grade Level
Grades 11-12 (IB Level)
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