Math Problem Statement
Solution
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Math Problem Analysis
Mathematical Concepts
Algebra
Revenue Functions
Optimization
Demand Functions
Formulas
R1 = x1 * (200 - 10x1 + 20x2)
R2 = x2 * (100 + 5x1 - 10x2)
Total revenue R(x1, x2) = R1 + R2
Theorems
Revenue maximization
Demand elasticity
Suitable Grade Level
College level (Business/Mathematics)
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