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Explain the concept of marginal cost. How does it relate to cost? How is it found?

SEE EXPLANATION

Calculus 1 / AB

Chapter 4

Calculating the Derivative

Section 1

Techniques for Finding Derivatives

Derivatives

Differentiation

Campbell University

Idaho State University

Boston College

Lectures

04:40

In mathematics, a derivative is a measure of how a function changes as its input changes. Loosely speaking, a derivative can be thought of as how much one quantity is changing in response to changes in some other quantity; for example, the derivative of the position of a moving object with respect to time is the object's velocity. The concept of a derivative developed as a way to measure the steepness of a curve; the concept was ultimately generalized and now "derivative" is often used to refer to the relationship between two variables, independent and dependent, and to various related notions, such as the differential.

44:57

In mathematics, a differentiation rule is a rule for computing the derivative of a function in one variable. Many differentiation rules can be expressed as a product rule.

03:31

Explain the concept of mar…

01:52

What is marginal cost? Why…

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What is the relationship b…

How does fixed cost affect…

0:00

Describe what fixed costs …

00:29

Okay. Did you see our question number 47? In this question? We have to explain the mountain. Of course. Good. So first of all I want in this cost is a defined as rate off change. Righto. Change. Oh, dropped out. Of course. Okay, So for months and cost function, we can do a marginal force function and so daily with you or cost function, but you see off. Okay, so suppose our product cost function is 80 square last 16 deep. Okay, then marginal cost function is you went by Souness. Is it going toe D by Dante Off 80 square plus 16. So daily video off 80 square 16 integrity off 16 16. So this is for marginal cost function or we can say that it is a great off change off trouble construction. Thank you.

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