Math Problem Statement
Solution
This appears to be a problem related to revenue and cost functions. The given equations are:
- Revenue function:
- Total cost function:
The problem seems to ask for the value of that maximizes the revenue and also to determine the profit.
Let me solve this step by step:
a) Maximizing Revenue
Revenue is maximized when the derivative of the revenue function with respect to is zero.
The first derivative of the revenue function with respect to is:
Now, set the derivative equal to zero to find the critical point:
Solving for :
So, maximizes the revenue.
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Math Problem Analysis
Mathematical Concepts
Revenue and Cost Functions
Maximization
Derivatives
Formulas
Revenue function: R = 48Q - 2Q^2
Total cost function: TC = 300 - 18Q + Q^2
Derivative of R with respect to Q: dR/dQ = 48 - 4Q
Theorems
Maximization using Derivatives
Suitable Grade Level
Grades 11-12
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