marginal profit1 [Notes & HW Answers] 4.5 Applications to Marginality [Prepwork 4.5] Q1. What is the relationship between (total) cost and marginal cost? A: Marginal cost is the derivative of total cost Q2. Suppose C and R are the cost and revenue functions for a particular product. Check all the statements below that are true. A. The critical points of the profit function happen when 𝑀𝑅=𝑀𝐶 or one of these derivatives does not exist. B. The profit is maximized whe.. 2022. 12. 6. 이전 1 다음
