Math Problem Statement
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Solution
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Math Problem Analysis
Mathematical Concepts
Calculus
Revenue and Cost Functions
Convexity and Concavity of Functions
Formulas
Revenue function: r(x) = -3x^3 + 40x^2 - x + 245
Average cost formula (partially visible)
Second derivative for convexity/concavity
Theorems
First and Second Derivative Tests for Maxima/Minima
Convexity/Concavity based on the sign of the second derivative
Suitable Grade Level
College level (Advanced Calculus, Business Mathematics)
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