Learn about relative extrema in business calculus through a 30-minute mathematics lecture that covers the definition of relative or local maximum and minimum points, along with the First Derivative Test. Master the process of finding critical values and determining whether they represent relative extrema through multiple worked examples. Apply these mathematical concepts to a practical economics scenario by calculating the optimal quantity that maximizes revenue.
Overview
Syllabus
Business Calculus: Relative Extrema (5.2) | Math with Professor V
Taught by
Math with Professor V
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