Math Problem Statement
Solution
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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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