\__ Oct 29- Now 2 ctd. 2. Total_and Marginal Revenue la) v= pg. Suppo p2 $6.50 per unit. Tranche total revenue is v= 6.5¢ Then: v'74) = 6.5 WQebs i i eiti b) Marqial revenue predicts additio 2 mM ULE I ‘Relative rate of change “tir 2 tH M chan, hat does 11 ean q= 10> r(10) =6.5(0\= 6s r/o)= 6.5 =0.| bv 10% tnerease ‘n veuen _____| Tris wetns increate in production te units (hom 10) yields o 10% inccease in yOlehveli) DO +e same for g* 1000. r (1960) = 6500 ee v‘(io00) = 6.5 Yelative rat of change = Increasing Scales fo 10D! Units Will increase revenue by 0.17. bs ginal t IPE is the average cost per unit, then 4otal_cost_is related by! 0+tg Clq) = 8-4 = (0.014- 6:24 4 . O.01g*—0.29%4 500 Clq) = 0.039*- 0.49 b) Fiad_c’(ico). what does 4 mean? (00) = 210. This iS the appaximate Cost of manutattwing he IDI Tem, c) Exercise for_later: Find the cost of manu factyr- ing the (Ith (tem if ccg) = 2grtt ag + 0. | # Answer: o71b) = 8a) continuity and _berivahves + doe to be. eae continuous. eee atx-a? ee Snot graph at x= a ny 2 no aymphtes a Kea ts A np jumps_at x= 2 no wpon circles at x=2 oo X= XzQ In math, 42) 13 ch afasa if: it fx) = Hla) abo: es: Yon ee 2 Al) tends to 2 Peete la eee if 7 t t fla) ie KO xa FOR tends foL00) Bron A teat lim £60) =-F/a) * Y ieee 7 Cs fim ft) = DNE NOT CTS.