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)