Math Problem Statement
Solution
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Math Problem Analysis
Mathematical Concepts
Revenue Calculation
Optimization
Algebra
Multivariable Calculus
Formulas
Revenue function: R(x1, x2) = x1 * D1(x1, x2) + x2 * D2(x1, x2)
Demand functions: D1(x1, x2) = 200 - 10x1 + 20x2, D2(x1, x2) = 100 + 5x1 - 10x2
Profit function: P(x, y) = (x - 2)(40 - 50x + 40y) + (y - 2)(20 + 60x - 70y)
Theorems
Critical Points in Optimization
Partial Derivatives for Optimization
Suitable Grade Level
Grades 11-12 or College Level
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