How to find MARGINAL COST, REVENUE AND PROFIT (KristaKingMath)

► My Applications of Derivatives course: kristakingmath.com/applications-of-derivatives-…

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 find marginal cost, and you're currently making 300 units, then what you're finding is the additional cost associated with making unit number 301. Marginal revenue would be the additional revenue associated with selling unit number 301, and marginal profit will be the difference between marginal revenue and marginal cost.

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