Economics: Marginal Cost & Revenue - Concept

Concept Concept (1)

The marginal cost and marginal revenue are the additional amount of cost or revenue that arise from producing one more item. If you take the derivative of the cost and revenue functions, you get approximately the marginal cost and revenue. Marginal cost and revenue are useful in solving calculus optimization problems involving economics.

Sample Sample Problems (2)

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Economics: Marginal Cost & Revenue - Problem 1
Problem 1
How to interpret the derivatives of the cost function as marginal cost.
Economics: Marginal Cost & Revenue - Problem 2
Problem 2
How to interpret the derivatives of the revenue function as marginal revenue.