Cost Marginal and Average Cost Business Economics Calculus Applications

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Absolute Maximum and Absolute minimum value for any function continuous in closed interval [a, b] will always exist at the critical numbers or at the end points.
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Cost function, C(x), is the cost of producing x units
Marginal cost, C’(x), is the rate of change in cost
Average cost, c(x), is cost per unit when x units are produced
For minimum average cost, C’(x) = c(x)

[@harekrishna2935]

Thanks..

[@martinnjonnes2954]

Thank You Sir.

[@sarojdevi5105]

you did this on tips like this is too easy but you made me understands , thanks for making this video

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[@rwdwmbasumatary112]

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[@waindewane3622]

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[@frankchisemeli4481]

I think I understand you well, but you confusing me as when you said in question one that marginal cost is derivative of average cost which is far different from what you've said in question two.