Math& 148 Business Calculus 5 Credits
Perhaps you need this class for a business degree, but you have your reservations about math. If you find yourself looking for “business calculus tutoring near me”, then let Varsity Tutors help you. We can connect you with someone who has a background in the subject and a willingness to help you learn. With advanced tutor matching, we will find the business calculus tutor who best matches your academic and scheduling needs. During your first session, your tutor will spend time learning about you, including your goals, hobbies, and areas of strength and weakness.
On the other hand, when they produce and sell the 7501st widget it will cost an additional $325 and they will receive an extra $125 in revenue, but lose $200 in profit. Recall from the Optimization section we discussed how we can use the second derivative to identity the absolute extrema even though all we really get from it is relative extrema. Let’s start things out with a couple of optimization problems.
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The course meets twice weekly, with other work completed online. Now, we could get the average cost function, differentiate that and then find the critical point. However, this average cost function is fairly typical for average cost functions so let’s instead differentiate the general formula above using the quotient rule and see what we have. The cost to produce an additional item is called the marginal cost and as we’ve seen in the above example the marginal cost is approximated by the rate of change of the cost function, \(C\left( x \right)\). So, we define the marginal cost function to be the derivative of the cost function or, \(C’\left( x \right)\).
We’ve already looked at more than a few of these in previous sections so there really isn’t anything all that new here except for the fact that they are coming out of the business world. You appear to be on a device with a “narrow” screen width (i.e. you are probably on a mobile phone). Due to the nature of the mathematics on this site it is best views in landscape mode. If your device is not in landscape mode many of the equations will run off the side of your device and some of the menu items will be cut off due to the narrow screen width. Students with a Bachelor’s degree will be assessed graduate level tuition rate for this course.
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