How to find the marginal cost, marginal revenue, and marginal profit functions — Krista King Math | Online math help
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How to find the marginal cost, marginal revenue, and marginal profit functions — Krista King Math | Online math help
We’ve been looking at physical applications of derivatives, but there are also economics applications. In this lesson, we’ll look at marginal cost, revenue, and profit. But before we jump into these marginal values, let’s look at cost, revenue, and profit in general.
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SOLVED: For the cost function below, where c is the cost of producing q units of a product, find the marginal-cost function. What is the marginal cost at the given values of q?c(q) = 200q^2 - 134q 3; q = 2, q = 10, and q = 17For the cost function below, where c is the cost of producing q units of a product, find the marginal-cost function. What is the marginal cost at the given values of q?c(q) = 20q^2 - 13q 3; q = 2, q = 10, and q = 17c(q) = (Simplify your answer.)
SOLVED: For the cost function below, where c is the cost of producing q units of a product, find the marginal-cost function. What is the marginal cost at the given values of q?c(q) = 200q^2 - 134q 3; q = 2, q = 10, and q = 17For the cost function below, where c is the cost of producing q units of a product, find the marginal-cost function. What is the marginal cost at the given values of q?c(q) = 20q^2 - 13q 3; q = 2, q = 10, and q = 17c(q) = (Simplify your answer.)
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SOLVED: For the cost function below, where c is the cost of producing q units of a product, find the marginal-cost function. What is the marginal cost at the given values of q?c(q) = 200q^2 - 134q 3; q = 2, q = 10, and q = 17For the cost function below, where c is the cost of producing q units of a product, find the marginal-cost function. What is the marginal cost at the given values of q?c(q) = 20q^2 - 13q 3; q = 2, q = 10, and q = 17c(q) = (Simplify your answer.)
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