Lecture 18: Marginal Functions in Economics to Economics

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Assignment for Friday, February 27: test 2

The cost function C(x) and its marginal function C'(x), the revenue function R(x)=px and its marginal function, and the profit function P(x)=R(x)-C(x), are all important functions that arise in economics. You must know how these functions are defined and how to find their marginals. We did examples 5 and 6 about Acrosonic Loudspeakers in class. You can expect to have to interpret what your results mean after finding the marginals in a question.




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