Abatement cost is the cost of reducing environmental negatives such as pollution. Marginal cost is an economic concept that measures the cost of an additional unit. The marginal abatement cost, in general, measures the cost of reducing one more unit of pollution. Marginal abatement costs are also called the "marginal cost" of reducing such environmental negatives. Although marginal abatement costs can be negative, such as when the low carbon option is cheaper than the business-as-usual option, marginal abatement costs often rise steeply as more pollution is reduced. In other words, it becomes more expensive [technology or infrastructure changes] to reduce pollution past a certain point. Marginal abatement costs are typically used on a marginal abatement cost curve, which shows the marginal cost of additional reductions in pollution. (Wikipedia).
In this video we cover the idea of marginal cost. This is simply the derivative of the cost function. We can roughly define marginal cost as the cost of producing one additional item. For more videos please visit http://www.mysecretmathtutor.com
From playlist Calculus
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This video explains how several application of the cost function including total cost, marginal cost, average cost, and minimum average cost. The total cost function is a quadratic function. Site: http://mathispower4u.com
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Visit http://ilectureonline.com for more math and science lectures! In this video I will find, using algebraic and derivative methods, marginal cost =? (cost to produce 1 more) given C(x)=200+4x+0.01x^2. Next video in this series can be seen at: https://youtu.be/_pECagvVywc
From playlist CALCULUS 1 CH 8 MAX MIN PROBLEMS
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Please Subscribe here, thank you!!! https://goo.gl/JQ8Nys Finding the Marginal Cost Function given the Cost Function
From playlist Calculus
Ex 2: Cost Function Applications - Marginal Cost, Average Cost, Minimum Average Cost
This video explains how several application of the cost function including total cost, marginal cost, average cost, and minimum average cost. The total cost function is a quadratic function. Site: http://mathispower4u.com
From playlist Applications of Differentiation – Maximum/Minimum/Optimization Problems
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This video provides examples of how to determine marginal average cost and interpret the meaning of marginal average cost. Complete video library at www.mathispower4u.com
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This video explains how to determine a cost function given the marginal cost and the cost function value.
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