This calculus video tutorial provides a basic introduction into marginal cost, marginal revenue, and marginal profit. It explains how to find the production level that will maximize the profit generated by a company. The revenue function or sales function is the product of the production level which represents the number of units sold and the demand function or price function. The demand function describes the average selling price of an item at a certain production level. The marginal profit represents the additional profit generated if the company sold one extra item.
Derivative Applications - Formula Sheet:
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Derivatives - Fast Review:
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Introduction to Related Rates:
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Local Maximum & Minimum:
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Mean Value Theorem:
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Concavity & Inflection Points:
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L'Hopital's Rule:
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Curve Sketching With Derivatives:
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Newton's Method:
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Optimization Problems:
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Marginal Cost & Total Average Cost:
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Marginal Revenue and Profit:
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Tangent Line Approximations:
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Differentials & Local Linearization:
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Estimating Function Values:
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Antiderivatives:
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Final Exams and Video Playlists:
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Full-Length Videos and Worksheets:
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