Math Problem Statement
Solution
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Math Problem Analysis
Mathematical Concepts
Cost functions
Marginal cost
Derivatives
Quadratic functions
Formulas
C(x) = 2000 + 2x - 0.0001x^2
Marginal Cost: C'(x) = 2 - 0.0002x
Theorems
Basic differentiation rules
Application of marginal cost
Suitable Grade Level
College/University - Economics or Calculus
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