In microeconomics, marginal profit is the increment to profit resulting from a unit or infinitesimal increment to the quantity of a product produced. Under the marginal approach to profit maximization, to maximize profits, a firm should continue to produce a good or service up to the point where marginal profit is zero. At any lesser quantity of output, marginal profit is positive and so profit can be increased by producing a greater amount; likewise, at any quantity of output greater than the one at which marginal profit equals zero, marginal profit is negative and so profit could be made higher by producing less. Since profit is revenue minus cost, marginal profit equals marginal revenue minus marginal cost. (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
Ex: Derivative Application - Maximize Profit
This video provides an example of how to determine the maximum profit given the profit function. The results are verified graphically. http://mathispower4u.com
From playlist Applications of Differentiation – Maximum/Minimum/Optimization Problems
Section (2.7) Marginal Analysis
Applied Calculus – Section (2.7) Marginal Analysis This lecture defines marginal cost, revenue, and profit. We use the derivative to evaluate marginal change at a specified level of production and compare the result to the exact monetary change when production increases by one unit. Then w
From playlist Applied Calculus
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This calculus video tutorial provides a basic introduction into marginal cost, marginal revenue, and marginal profit. It explains how to find the production level that will maximize the profit generated by a company. The revenue function or sales function is the product of the production
From playlist New Calculus Video Playlist
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This video provides examples of how to determine marginal profit and interpret the meaning of marginal profit. Complete video library at www.mathispower4u.com
From playlist Business Applications of Differentiation and Relative Extrema
Ex: Profit Function Application - Maximize Profit
This video explains how to maximize a profit function using calculus methods. Site: http://mathispower4u.com
From playlist Business Applications of Differentiation and Relative Extrema
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From playlist Business Applications of Differentiation and Relative Extrema
Ex: Given the Cost and Demand Functions, Maximize Profit
This video explains how to maximize profit given the cost function and the demand function. Site: http://mathispower4u.com
From playlist Applications of Differentiation – Maximum/Minimum/Optimization Problems
Finding the Marginal Cost Function given the Cost Function
Please Subscribe here, thank you!!! https://goo.gl/JQ8Nys Finding the Marginal Cost Function given the Cost Function
From playlist Calculus
Profit Margin, Gross Margin, and Operating Margin - With Income Statements
This finance video tutorial explains how to calculate the net profit margin, the gross profit margin, and operating profit margin of a company given an income statement. This video includes many examples and practice problems that will help you to learn the concept. My Website: https://
From playlist Stocks and Bonds
How to find MARGINAL COST, REVENUE AND PROFIT (KristaKingMath)
► My Applications of Derivatives course: https://www.kristakingmath.com/applications-of-derivatives-course Think about marginal cost, marginal revenue, and marginal profit as the cost, revenue and profit associated with making and selling the "next unit". In other words, if you want to f
From playlist Calculus I
MIT 14.01 Principles of Microeconomics, Fall 2018 Instructor: Prof. Jonathan Gruber View the complete course: https://ocw.mit.edu/14-01F18 YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP62oJSoqb4Rf-vZMGUBe59G- This lecture covers the topics of perfect competition, shor
From playlist MIT 14.01 Principles of Microeconomics, Fall 2018
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Managerial Accounting by Dr. Varadraj Bapat,Department of Management,IIT Bombay.For more details on NPTEL visit http://nptel.ac.in
From playlist IIT Bombay: Managerial Accounting | CosmoLearning.org Accounting
MIT 14.01 Principles of Microeconomics, Fall 2018 Instructor: Prof. Jonathan Gruber View the complete course: https://ocw.mit.edu/14-01F18 YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP62oJSoqb4Rf-vZMGUBe59G- This lecture finishes the discussion about costs from Lectu
From playlist MIT 14.01 Principles of Microeconomics, Fall 2018
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From playlist Courses and Series