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Unformatted text preview: times the derivative of the numerator FIRST or you will get the wrong answer since there is a minus sign between terms. #28 #32 DEFINITION Average Cost per unit= x x C x AC ) ( ) ( = . Similar definitions apply for Average Revenue and Average Profit. Marginal average cost is the rate at which average cost is changing, = x x C dx d x MAC ) ( ) ( Marginal Average Revenue is the rate at which Average Revenue is changing, = x x R dx d x MAR ) ( ) ( Marginal Average Profit is the rate at which Average Profit is changing, = x x P dx d x MAP ) ( ) ( #48 #50...
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