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Marginal Cost Function from Average Cost Function: Differentiation Rules
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This video uses Average Cost (AC) function to develop Marginal Cost Function (MC). Various rules of differentiation are applied in this process.
• My focus is on ‘Economic Interpretation’ so you understand ‘Economic Meaning’ which will enable you for ‘Economic Applications’ of mathematical Tools.
• At the end you’ll get the summary of key-points of the topic.
• Thanks for watching this video. If you like, then ‘SHARE’ this video within your community. Subscribe to get the latest updates from this channel, and don't forget to click on the BELL Icon.
#DBM #MarginalCost #AverageCost #SumFunctionRule #DifferenceFunctionRule #Differentiation #Derivative #mathematicaleconomics
Regards,
DBM,
• My focus is on ‘Economic Interpretation’ so you understand ‘Economic Meaning’ which will enable you for ‘Economic Applications’ of mathematical Tools.
• At the end you’ll get the summary of key-points of the topic.
• Thanks for watching this video. If you like, then ‘SHARE’ this video within your community. Subscribe to get the latest updates from this channel, and don't forget to click on the BELL Icon.
#DBM #MarginalCost #AverageCost #SumFunctionRule #DifferenceFunctionRule #Differentiation #Derivative #mathematicaleconomics
Regards,
DBM,
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