This calculus video tutorial explains the concept behind marginal revenue, marginal cost, marginal profit, average cost function, price and demand functions. It shows you how to find the production level to minimize the average cost as well as how to find the minimum average cost so as to maximize the profit of a company. This video contains plenty of examples and practice problems.

Here is a list of topics:

1. Cost Function - The price to a produce a number of items

2. Average Cost - The average price to produce a single unit

3. Production Level - The number of units or x

4. Marginal Cost - Derivative of the Cost Function

5. Marginal Cost represents the increase in total cost to produce one extra item

6. Minimizing Average Cost Function - Finding The Production Level and the Minimum Average Cost

7. Price Function or Demand Function - The selling price of an item as a function of x

8. Supply vs Demand - Inverse Relationship - Business & Economics

9. Business Calculus - Revenue = Price Function x Number of Units (x)

10. Marginal Revenue, Marginal Cost, and Marginal Profit

11. Maximizing Profit - Finding the maximum value using the derivative function

Tagged under: marginal revenue,marginal revenue marginal cost,cost,marginal revenue calculus,marginal cost,average cost,marginal profit,demand function calculus,calculus,price function calculus,demand function,profit,price function,maximizing profit,maximum profit,minimum average cost,total cost,supply,price,demand,revenue,business calculus,economics,business,production level,cost function,examples,practice,problems,minimum,maximum

Clip makes it super easy to turn any public video into a formative assessment activity in your classroom.

Add multiple choice quizzes, questions and browse hundreds of approved, video lesson ideas for Clip

Make YouTube one of your teaching aids - Works perfectly with lesson micro-teaching plans

1. Students enter a simple code

2. You play the video

3. The students comment

4. You review and reflect

* Whiteboard required for teacher-paced activities

With four apps, each designed around existing classroom activities, Spiral gives you the power to do formative assessment with anything you teach.

Quickfire

Carry out a quickfire formative assessment to see what the whole class is thinking

Discuss

Create interactive presentations to spark creativity in class

Team Up

Student teams can create and share collaborative presentations from linked devices

Clip

Turn any public video into a live chat with questions and quizzes

Tried out the canvas response option on @SpiralEducation & it's so awesome! Add text or drawings AND annotate an image! #R10tech

Using @SpiralEducation in class for math review. Student approved! Thumbs up! Thanks.

Absolutely amazing collaboration from year 10 today. 100% engagement and constant smiles from all #lovetsla #spiral

Students show better Interpersonal Writing skills than Speaking via @SpiralEducation Great #data #langchat folks!

Dr Ayla Göl
@iladylayla

A good tool for supporting active #learning.

The Team Up app is unlike anything I have ever seen. You left NOTHING out! So impressed!