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This week we are calculating the derivatives (instantaneous rate of change) of polynomial functions. This is used in business applications to help us find marginal
This week we are calculating the derivatives (instantaneous rate of change) of polynomial functions. This is used in business applications to help us find marginal cost, marginal profit, and marginal revenue.
If you are manufacturing something, why would you want to know the marginal cost of an item? How will that affect your planning for the future of your company? What information does that give you? Feel free to make up a specific example of something you might want to manufacture.
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