Math Problem Statement
Solution
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Math Problem Analysis
Mathematical Concepts
Algebra
Quadratic Equations
Profit Maximization
Formulas
Revenue Function: R(p) = p * q(p)
Quantity Function: q(p) = 6000 - 400p
Cost Function: C(p) = 12000 - 800p
Profit Function: Π(p) = -400p^2 + 6800p - 12000
Theorems
Profit maximization via derivative
Suitable Grade Level
Grades 9-12
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