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Marginal Cost and Average Total Cost
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This calculus video tutorial provides a basic introduction into marginal cost and average cost. The marginal cost function is the first derivative of the total cost function. The average total cost is the total cost divided by the production level which represents the number of units. The marginal cost tells you the additional cost added to the total cost function for producing one additional unit. This video contains 1 example problem with multiple parts.
Derivative Applications - Formula Sheet:
______________________________
Derivatives - Fast Review:
Introduction to Related Rates:
Local Maximum & Minimum:
Mean Value Theorem:
Concavity & Inflection Points:
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L'Hopital's Rule:
Curve Sketching With Derivatives:
Newton's Method:
Optimization Problems:
Marginal Cost & Total Average Cost:
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Marginal Revenue and Profit:
Tangent Line Approximations:
Differentials & Local Linearization:
Estimating Function Values:
Antiderivatives:
__________________________________
Final Exams and Video Playlists:
Full-Length Videos and Worksheets:
Derivative Applications - Formula Sheet:
______________________________
Derivatives - Fast Review:
Introduction to Related Rates:
Local Maximum & Minimum:
Mean Value Theorem:
Concavity & Inflection Points:
________________________________
L'Hopital's Rule:
Curve Sketching With Derivatives:
Newton's Method:
Optimization Problems:
Marginal Cost & Total Average Cost:
__________________________________
Marginal Revenue and Profit:
Tangent Line Approximations:
Differentials & Local Linearization:
Estimating Function Values:
Antiderivatives:
__________________________________
Final Exams and Video Playlists:
Full-Length Videos and Worksheets:
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