Marginal Cost and Average Total Cost
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Marginal Cost and Average Total Cost
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 ...
283.3K viewsMar 6, 2018
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