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Marginal Cost, Marginal Revenue, and Marginal Profit

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 - Free Formula Sheet: https://www.video-tutor.net/calculus-... ______________________________ Derivatives - Fast Review:    • Calculus 1 - Derivatives   Introduction to Related Rates:    • Introduction to Related Rates   Local Maximum & Minimum:    • Finding Local Maximum and Minimum Val...   Mean Value Theorem:    • Mean Value Theorem   Concavity & Inflection Points:    • Concavity, Inflection Points, and Sec...   ________________________________ L'Hopital's Rule:    • L'hopital's rule   Curve Sketching With Derivatives:    • Curve Sketching - Graphing Functions ...   Newton's Method:    • Newton's Method   Optimization Problems:    • Optimization Problems - Calculus   Marginal Cost & Total Average Cost:    • Marginal Cost and Average Total Cost   __________________________________ Marginal Revenue and Profit:    • Marginal Cost, Marginal Revenue, and ...   Tangent Line Approximations:    • Finding The Linearization of a Functi...   Differentials & Local Linearization:    • Differentials and Derivatives - Local...   Estimating Function Values:    • Estimating Function Values Using Diff...   Antiderivatives:    • Antiderivatives   __________________________________ Final Exams and Video Playlists: https://www.video-tutor.net/ Full-Length Videos and Worksheets:   / collections