Escolar Documentos
Profissional Documentos
Cultura Documentos
1. Introduction
2. Functional Relationships
Table 2.1
Relationship between Price and Quantity Sold,
Cherry Corporation
$45
$40
$35
Price ($/unt)
$30
$25
$20
$15
$10
$5
$0
0 50 100 150 200
Quantity/day
3. Marginal Analysis
1 2 3 4
No. of units of Total Marginal
output/day Profit Profit Average Profit
0 0
1 $100.0 $100.0 $100.0
2 $250.0 $150.0 $125.0
3 $600.0 $350.0 $200.0
4 $1,000.0 $400.0 $250.0
5 $1,350.0 $350.0 $270.0
6 $1,500.0 $150.0 $250.0
7 $1,550.0 $50.0 $221.4
8 $1,500.0 -$50.0 $187.5
9 $1,400.0 -$100.0 $155.6
10 $1,200.0 -$200.0 $120.0
1800
1600
1400
1200
1000
Total Profit
800
Marginal Profit
600
400 Average Profit
200
0
-200 0 2 4 6 8 10 12
-400
a. Derivatives of Constants
Y=a
Y = aXb
U = g(X) W = h(X)
Y=U+W
d. Derivatives of Products
Y = UW