Math Problem Statement

Solution

Ask a new question for Free

By Image

Drop file here or Click Here to upload

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