Average cost| marginal cost| marginal average cost| application of derivatives| Lecture #2
Автор: HAMEEDA MATHTUBER
Загружено: 2025-09-07
Просмотров: 261
In this lecture—**“Marginal vs. Average Cost Explained with Derivatives – Lecture 2”**—we dive into how derivatives are used to calculate marginal cost and average cost in economics.
*What you’ll learn:*
The definitions and differences between average cost and marginal cost
How to derive each from cost functions using calculus
Real-world applications: how businesses use these concepts for pricing and production decisions
Step-by-step problem-solving with clear, worked-out examples
Whether you're studying microeconomics, calculus, or business finance, this session will help you understand:
• How to apply derivatives to cost functions
• Why marginal cost impacts production choices
• How average cost trends with output quantity
Let me know in the comments what topics you’d like covered next!
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