Math Problem Statement

Solution

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Math Problem Analysis

Mathematical Concepts

Cost Function
Revenue Function
Profit Maximization
Average Cost
Marginal Cost

Formulas

C(x) = 0.5x^2 + 2x + 200
R(x) = 25x
B(x) = R(x) - C(x)
C_M(x) = C(x) / x
C_m(x) = C(x + 1) - C(x)

Theorems

Derivative for finding maxima and minima
First and second derivative tests for optimization
Convexity analysis for cost functions

Suitable Grade Level

Grades 11-12 or early college-level (Calculus and Optimization)