Math Problem Statement
Solution
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Math Problem Analysis
Mathematical Concepts
Calculus
Revenue Maximization
Differentiation
Exponential Functions
Formulas
q = 10,000e^{-0.02p}
Revenue R(p) = p * q = p * 10,000e^{-0.02p}
Derivative of R(p) to find the critical points
Theorems
First Derivative Test for Maximum Revenue
Suitable Grade Level
Undergraduate (Calculus)
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