Math Problem Statement
If the total revenue function for a computer is R(x) = 1800x − 23x2 − x3, find the level of sales, x, that maximizes revenue and find the maximum revenue in dollars. x = computers R(x) = $
Solution
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Math Problem Analysis
Mathematical Concepts
Calculus
Optimization
Revenue Maximization
Formulas
Derivative of a function f'(x) to find critical points
Quadratic formula: x = (-b ± √(b^2 - 4ac)) / 2a
Second derivative test for maximum or minimum points
Theorems
Second Derivative Test
Quadratic Formula
Suitable Grade Level
College-level Calculus
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