3.4_3.5_ - Math1431Sections3.4,3.5LectureProblemsforclass

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Math 1431 Sections 3.4, 3.5           Lecture Problems for class 3.4 Marginal Analysis with Business Applications: R’(x), C’(x), P’(x) Average Cost Function Marginal Average Cost Function Elasticity of Demand 3.5 Higher Order Derivatives  Marginal analysis  is the study of the rate of change in economic quantities. Marginal Revenue means the derivative of the Revenue Function, i.e. R’(x) Marginal Cost means the derivative of the Cost Function, i.e. C’(x)                Marginal Profit means the derivative of the Profit Function, i.e. P’(x) At any quantity, these functions are  approximating  the effect of  the NEXT unit.
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Williams Commuter Air Service realizes a monthly revenue of  R(x) = 16,000 x – 200 x 2  dollars when the price charged per customer is x dollars. Find the Marginal Revenue
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This note was uploaded on 02/24/2010 for the course MATH 1431 taught by Professor Vaughn during the Spring '08 term at LSU.

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3.4_3.5_ - Math1431Sections3.4,3.5LectureProblemsforclass

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