\begin{frame} \frametitle{Rates of Change} \begin{exampleblock}{} A manufacturer produces some fabric. The costs for producing $x$ yards are $f(x)$ dollars. \begin{itemize} \pause \item What is the meaning of $f'(x)$ (called \emph{marginal costs})? \pause \item What does it mean to say $f'(1000) = 9$? \pause \item Which do you think is greater $f'(50)$ or $f'(500)$? \end{itemize} \pause Answers: \begin{itemize} \pause \item $f'(x)$ is the rate of change of production costs in dollars per yard with respect to the number of yards produced \pause \item $f'(1000) = 9$ means that after having produced $1000$ yards, the costs increase by $9$ dollars for additional yards \pause \item Typically $f'(500) < f'(50)$ since usually the cost of production per yard will decrease the more you produce (due to fixed costs: you have already bought and installed the machines\ldots) \end{itemize} \end{exampleblock} \end{frame}