Math Problem Statement
Solution
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Math Problem Analysis
Mathematical Concepts
Calculus
Maximization
Quadratic Functions
Formulas
Revenue = Q * (1000 - (1/3)Q)
Cost = Q * (900 + (1/5)Q)
Profit = Revenue - Cost
Maximization: derivative of profit = 0
Theorems
Profit maximization through derivatives
Suitable Grade Level
Undergraduate Economics/Mathematics