College Mathematics: Learning Worksheets Chapter 9
Name ________________________________ Date ______________ Class ____________
Goal: To solve problems involving marginal functions in business and economics
In Problems 1–10, find the indicated function if cost and revenue are given by
2
( ) 600 4 0.0006Cx x x=−+ and 2
( ) 1, 000 20
xxx=−
1. Marginal cost function
( ) 4 0.0012
Cx x
′=− +
2. Average cost function
() 600 4 0.0006 600
Cx xx
xxx
−+
Section 9-7 Marginal Analysis in Business and
Economics
Definition: Marginal Cost, Revenue, and Profit
If x is the number of units of a product produced in some time interval, then
total cost = ( )Cx and marginal cost = ( )Cx
Definition: Marginal Average Cost, Revenue, and Profit
If x is the number of units of a product produced in some time interval, then
Cost per unit: average cost = ()Cx
C and marginal average cost = () ()
d
dx
Cx Cx
dx