This calculus video tutorial provides a basic introduction into marginal cost and average cost. The marginal cost function is the first derivative of the total cost function. The average total cost is the total cost divided by the production level which represents the number of units. The marginal cost tells you the additional cost added to the total cost function for producing one additional unit. This video contains 1 example problem with multiple parts.

Derivatives Fast Review:
   • Calculus 1  Derivatives  

Introduction to Related Rates:
   • Introduction to Related Rates  

Local Maximum & Minimum:
   • Finding Local Maximum and Minimum Val...  

Mean Value Theorem:
   • Mean Value Theorem  

Concavity & Inflection Points:
   • Concavity, Inflection Points, and Sec...  

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L'Hopital's Rule:
   • L'hopital's rule  

Curve Sketching With Derivatives:
   • Curve Sketching  Graphing Functions ...  

Newton's Method:
   • Newton's Method  

Optimization Problems:
   • Optimization Problems  Calculus  

Marginal Cost & Total Average Cost:
   • Marginal Cost and Average Total Cost  

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Marginal Revenue and Profit:
   • Marginal Cost, Marginal Revenue, and ...  

Tangent Line Approximations:
   • Finding The Linearization of a Functi...  

Differentials & Local Linearization:
   • Differentials and Derivatives  Local...  

Estimating Function Values:
   • Estimating Function Values Using Diff...  

Antiderivatives:
   • Antiderivatives  

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