Marginal Cost ExamplesIn the previous video we talked about what marginal cost means. In this video we'll learn how to calculate the marginal cost when you're given a function for cost such as C(x)=5000+34.5x. Using the derivative to calculate marginal cost gives you the "approximate marginal cost". The next video covers "exact marginal cost". |
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This video appears on the page: Demand, Marginal Cost, Marginal Revenue & Marginal Profit