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Marginal Cost vs Marginal Revenue - Example 1: Maximizing Profit

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First published at 19:07 UTC on November 28th, 2022.

#mathematics
#economics
#science

Math Easy Solutions

MES

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In this video I go through a useful example illustrating how to apply the principle that I showed in my earlier video: if the total profit is at a maximum than the marginal revenue has to equal the marginal cost.

Download the notes in my video: ht…

Download the notes in my video: https://1drv.ms/b/s!As32ynv0LoaIiaNWR5zurYSQ5lJF-g?e=t3myin

View video notes on the Hive blockchain: https://peakd.com/hive-128780/@mes/marginal-cost-vs-marginal-revenue

Related Videos:

Marginal Cost vs Marginal Revenue: When is maximum profit realized??: http://youtu.be/ufMgmYbZPdU
Marginal Cost vs Average Cost - Economics 101: http://youtu.be/HiMaLvsTstc
Marginal Costs - Economics 101: http://youtu.be/XS-1L6Iq4Wk
Marginal Cost vs Average Cost Example - Economics 101: http://youtu.be/W2xx0Wtl608
Local and Absolute Max/Min and Critical Points/Numbers: http://youtu.be/aOvwQaEFbjw
First Derivative Test Introduction and Examples: http://youtu.be/60UMYG7Ppeg
Second Derivative Test - A brief Introduction: http://youtu.be/lOwK5rQh0Kk
Derivative of y = x^n - Part 2: General Power Rule: http://youtu.be/Ibvu33oh49o .

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