1. 2.3 RATES OF CHANGE Calc 10/1/14

2. Warm-up

3. 2.3 Rates of Change - Marginals What were the rates in the warm-up problem?

4. Rates of Change in Economics - Marginals

5. Discrete vs. Continuous

6. Finding the marginal profit

7. Demand and Revenue

8. Finding a demand function (Ex. 6) A business sells 2000 items per month at a price of $10 each. It is estimated that monthly sales will increase 250 units for each $0.25 reduction in price. Use the information to find the demand function and total revenue function.

9. Marginal Revenue

10. Finding Marginal revenue

11. Finding Marginal Profit