Math Problem Statement

Solution

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Math Problem Analysis

Mathematical Concepts

Optimization
Revenue Functions
Cost Functions
Profit Maximization
Derivatives

Formulas

P(Q) = 90Q - 60Q^2
C(Q) = 2Q^3 - 87Q^2 + 30Q + 100
Profit(Q) = Revenue(Q) - Cost(Q)

Theorems

First Derivative Test
Critical Points for Maximization

Suitable Grade Level

Undergraduate Economics or Calculus