Professional Documents
Culture Documents
Problem
Complete the table and graph the function f(x) = x2:
x
-3
-22
-1
0
1
2
3
y = x2
Solution
Complete the table and graph the function f(x) = x2:
x
-3
-22
-1
0
1
2
3
y = x2
9
4
1
0
1
4
9
Problem
Sketch the graph of f(x) = (x 2)2 and explain, in words, how
i iis related
it
l d to the
h graphh off f(
f(x)) = x2:
x
y = (x-2)2
-3
25
-22
16
-1
9
0
4
1
1
2
0
3
1
Calculus for Business & Economics
Comparison
p
off f(
f(x)) = x 2 and f(
f(x)) = (x
( 2))2
Solution ((continued
(continued))
The graph has the same shape as the original function
function. The
difference is that the original graph has been translated two
units to the right on the xxaxis
axis.
Conclusion: The graph of the function (x 2) 2 is the graph of
shifted horizontally two units to the right on the xxaxis
axis.
Notice that replacing x by x 2 shifts the graph horizontally
to the right and not the left.
Correspondingly, replacing x by x + 2 would shift the graph
horizontally to the left.
left
Calculus for Business & Economics
Problem
Sketch the graphs of f(x) = x3 and f(x)=x
f(x) x3 + 5.
Solution
When we shift the graph of f(x) = x3 by 5 units upward, we
get the graph of f(x)=x3 + 5.
Problem
Sketch the graphs of f ( x ) = x and f ( x ) = x
and find the domains.
Solution
The domain is all non
nonnegative
negative real numbers. By reflecting one
of the graphs about the x-axis, we get the graph of the other
one.
10
Problem
Sketch the graphs of f ( x ) = 3 x and f ( x ) = 3 x + 1
11
Solution
When we shift the graph of f ( x ) = 3 x by 1 unit horizontally
to the left, we get the graph of f ( x ) = 3 x + 1
12
13
14
15
Piecewise--Defined
Piecewise
f
Functions
Earlier we noted that the absolute value of a real number x can
be defined as
x , if x > 0
| x |=
x , if x < 0
Notice that this function is defined by different rules for
different parts of its domain. Functions whose definitions
involve more than one rule are called piecewise
piecewise--defined
functions.
Graphing one of these functions involves graphing each rule
over the appropriate portion of the domain.
Calculus for Business & Economics
16
Example
p
2 2 x , if x < 2
17
Solution
2 2 x , if x < 2
18
End of Slides
Please, solve the exercise problems , especially the
Please
applications given in the textbook.
If you dont solve a problem by your hands, you will have
a difficult time on the exam.
exam Studying this course consists
of understanding the concepts/techniques and
problems especially the applications.
solving the problems,
19
Learning Objectives
for Section 2.3 Solving Quadratic Functions
The student will be able to identify and define quadratic
ffunctions,, equations,
q
, and inequalities.
inequalities
q
The student will be able to identify and use properties of
qquadratic functions
f
and their graphs.
graphs
g p
The student will be able to solve applications of quadratic
f
functions.
The student will be able to graph and identify properties of
ppolynomial
y
and rational functions.
functions
f
Quadratic Functions
If a, b, c are real numbers with a 0 , then the function
f ( x ) = ax 2 + bx + c
(h k)
This vertex form gives the vertex of f(x): (h,
Solution
Step 1.
1 Factor the coefficient of x2 out of the first two terms:
f ( x ) = 3x 2 + 6 x 1 = 3[ x 2 2 x] 1
= 3[ x 2 2 x + ( 1) 2 ] + 3( 1) 2 1
= 3(( x 1)) + 2
Step 3. From the vertex form, we deduce the vertex (1, 2 )
2
Example
Find the x and yy
intercepts of the quadratic function
f ( x ) = 3x 2 + 6 x 1
Solution
1. xintercept : We solve f(x)=0,
f(x) 0, i.e., find x satisfying
0 = 3x 2 + 6 x 1
Solution (continued)
2. yintercept : Given function f ( x ) = 3x 2 + 6 x 1
implies
f ( 0 ) = 3( 0 ) + 6( 0 ) 1 = 1
Therefore, we have only one yintercept
intercept: ( 0 , 1)
Generalization
2
f
(
x
)
=
a(
x
h)
+k,
For
1. If a 0, then the graph of f(x) is a parabola
parabola.
(1) If a > 0, then the graph is concave upward.
upward
(2) If a < 0, then the graph is concave downward.
downward
In any case, we have the vertex at ( h,, k )
2. Axis of symmetry: x = h
3. (1) If a > 0, then f(x) has the minimum f ( h)) = k
(2) If a < 0, then f(x) has the maximum f ( h) = k
4. Domain of f(x) is the set of all real numbers.
5. Range: (1) If a > 0 , then f(x) has the range { y | y k}}
(2) If a < 0 , then f(x) has the range { y | y k }
10
11
Solution
This inequality holds for those values of x for which the graph
of f(x)
( ) is at or above the xaxis. This happens for x between
the two x intercepts, including the intercepts. (If you look at
h graphh off the
h ffunction, you can understand
d
d this
h very
the
easily.) Thus, the solution set for the quadratic inequality is
0.18 x 1.82
Calculus for Business & Economics
12
Pl
Please,
take
t k a look
l k att th
the Mathematica
M th ti file
fil Section
S ti 2.3
23
13
Application
pp
off Quadratic Functions
A Macon,
Macon Georgia,
Georgia peach orchard farmer now has 20 trees per
acre. Each tree produces, on the average, 300 peaches
acre
peaches. For
each additional tree that the farmer plants, the number of
peaches per tree is reduced by 10.
10
How many more trees should the farmer plant to achieve the
maximum yield of peaches?
What is the maximum yield?
14
Solution
Yield = (number of peaches per tree)(number of trees)
Yield = (300)(20) = 6000 (currently)
Plant
Pl t one more ttree:
Yield = (300 1(10))(20 + 1)
= (290)(21) = 6090 peaches.
h
Plant two more trees:
Yield = (300 2(10))(20 + 2) = (280)(22) = 6160
Plant x more trees:
Yield = (300 x(10))(20 + x)
= -10x2 + 100x + 6000
Calculus for Business & Economics
15
Solution (continued)
From the result above, we define
Y( x ) = 10 x 2 + 100 x + 6000
To find the maximum yield, note that the function Y(x) is a
quadratic function of which graph is concave downward.
Hence, the vertex of the function will be the maximum
value of the yield. Graph is below, with the y value in
thousands.
To find the vertex, we
complete the square.
16
Solution (continued)
We complete the square as follows:
2
Y( x ) = 10( x 10 x ) + 6000
= 10(( x 2 10 x + ( 5 ) 2 ( 5 ) 2 ) + 6000
= 10(( x 5 ) + 10(( 25 ) + 6000
2
= 10( x 5 ) 2 + 6250
It implies that the graph has the vertex ( 5 ,6250
6250 )
So, the farmer should plant 5 additional trees and obtain a
2
yield of 6250 peaches
peaches. The term 10 x in the quadratic
function implies that the graph is concave downward, so the
vertex must be the maximum
maximum.
17
BreakEven Analysis
Break
The financial department of a company that produces digital
cameras has the revenue and cost functions for x million
cameras are as follows:
R( x ) = x( 94.8 5 x )
C( x ) = 156 + 19.7
19 7 x
18
Solution (continued)
From R( x ) = C( x ) , we deduce
x( 94.8 5 x ) = 156 + 19.7 x
94 8 x 5 x = 156 + 19.7
94.8
19 7 x
2
5 x 2 75.1x + 156 = 0
By the Quadratic Formula, we get
b b 2 4ac
x=
2a
75.1 ( 75.1) 2 4( 5 )(156 )
=
2.49 , 12.53
2( 5 )
Calculus for Business & Economics
19
Solution (continued)
Thus, the break
breakeven
even points are x 2.49 and x 12.53
If we graph the cost and revenue functions on a graphing
utility,
l we obtain
b
the
h ffollowing
ll
graphs,
h showing
h
the
h two
intersection points:
20
Quadratic Regression
A visual inspection of the plot of a data set might indicate that
a parabola would be a better model of the data than a straight
line. In that case, rather than using linear regression to fit a
linear model to the data, we would use quadratic regression
on a graphing calculator to find the function of the form
y( x ) = ax + bx + c
that
h best
b ffits the
h data
d .
2
21
Polynomial Functions
A polynomial function of degree n is a function that can be
written in the form
Pn ( x ) = an x n + an1 x n1 + " + a2 x 2 + a1 x + a0
The domain of a polynomial function is the set of all real
numbers.
A polynomial of degree 0 is a constant.
constant
A polynomial of degree 1 is a linear function.
A polynomial of degree 2 is a quadratic function.
function
A polynomial of degree 3 is a cubic function.
Calculus for Business & Economics
22
Shape of Polynomials
A polynomial is called odd
if it only contains odd powers of x.
A polynomial is called even
if it only contains even powers of x.
23
Examples
Please, confer the Mathematica file Section 2.3
24
25
Characteristics of Polynomials
Graphs of polynomials are continuous
continuous. One can sketch the graph
without lifting up the pencil.
p off polynomials
p y
have no sharpp corners.
corners
Graphs
Graphs of polynomials usually have turning points,
points which is a
point that separates an increasing portion of the graph from a
decreasing portion.
A polynomial of degree n can have at most n linear factors.
Th f
Therefore,
the
h graphh off a polynomial
l
i l ffunction
i off positive
i i ddegree n
can intersect the x axis at most n times.
A polynomial of degree n may intersect the x axis fewer than n
times.
Calculus for Business & Economics
26
Rational Functions
A rational function is a quotient of two polynomials, P(x)
and Q(x), for all x such that Q(x) is not equal to zero.
Example: Let P(x) = x + 5 and Q(x) = x 2, then
x+5
R( x ) =
x2
27
28
29
30
End of Slides
Please, solve the exercise problems , especially the
Please
applications given in the textbook.
If you dont solve a problem by your hands, you will have
a difficult time on the exam.
exam Studying this course consists
of understanding the concepts/techniques and
problems especially the applications.
solving the problems,
31
Objectives
f Section
for
S i 2.4
2 4 Exponential
E
i l Functions
F
i
z The student will be able to graph and identify the properties
of exponential functions.
functions
z The student will be able to apply base e exponential
functions, including growth and decay applications.
applications
z The student will be able to solve compound interest problems.
problems
Exponential
p
Functions
z The equation
f( x) = b
Riddle
Here is a problem related to exponential functions:
Suppose you received a penny on the first day of December
December,
two pennies on the second day of December
December, four pennies on
the third day,
day eight pennies on the fourth day and so on.
on How
many pennies would you receive on December 31 if this
pattern continues?
Would you rather take this amount of money or receive a lump
sum payment of $10,000,000?
Calculus for Business & Economics
Solution
Day
Dec. 1
Dec 2
Dec.
Dec. 3
Dec. 4
Dec. n
Dec. 31
No of Pennies
1=20
2=21
4=22
8=23
2n-1
230
Currently Total
20
20+21
20+21+22
20+21+22+23
20+21+22+23++2n-1
20+21+22+23++2n-1++230
4
Solution ((continued))
According to the table,
table if this pattern continued,
continued you would
have 230 pennies on Dec. 31. The exponent on two is one less
than the day of the month.
month
gg than $10,000,000,
Since 230=10,737,418.24, which is bigger
thus on Dec. 31, you should get $10,737,418.24.
This example
Thi
l shows
h
h an exponential
how
ti l ffunction
ti grows
extremely rapidly.
rapidly In this case, the exponential function
x
f( x) = 2
is used to model this pproblem.
Graph
p off f( x ) = 2
Characteristics
x
f(
x
)
=
b
of the Graph of
when b > 1
1. All graphs will approach the xaxis as x becomes
unbounded and negative.
2. All graphs will pass through ( 0 ,1) (yyintercept
intercept).
3. There are no xxintercepts
intercepts.
4. Domain is all real numbers.
5. Range is all positive real numbers.
numbers
6. The graph is always increasing on its domain.
7. All graphs are continuous curves.
Characteristics
x
f(
x
)
=
b
of the Graph of
when 0 < b < 1
1. All graphs will approach the xaxis as x gets large.
2. All graphs will pass through ( 0 ,1) (yyintercept
intercept).
3. There are no xxintercepts
intercepts.
4. Domain is all real numbers.
5. Range is all positive real numbers.
numbers
6. The graph is always decreasing on its domain.
7. All graphs are continuous curves.
Graphs
p off Exponential
p
Functions
with Various Basis
Please, take a look at the Mathematica file Section 2.4
Exponential
p
Function with Base e
e is an irrational number called the Euler constant
constant.
It represents
e 2.718281828459045235360287471352662497757247
1937
1937
e can be approximated as closely as we like by evaluating the
x
expression
1 + 1
10
st.a
o.pn/ecsihH
da
1lT
.yr/
hotsiku
1 + 1
11
12
Graph
p off f( x ) = e x
Since
ince
nce
cee 2 < e < 3,, wee have
ave
vee
2x < ex < 3x for positive x, 2x > e3x > 3x for negative x.
13
14
15
Solution
Answer 1. Pressure at sea level: P(0)=760e
P(0) 760e0=760
760
Answer 2. Pressure at a height of 7 kilometers:
P(7)=760e-0.145(7)=275.43
16
Depreciation
p
off a Machine
A machine is initially worth V0 dollars but loses 10% of its
value each year. Its value after t years is given by the formula
V(t)= V0(0.9
V(t)
(0 9t)
Find the value after 8 years of a machine whose initial value is
$30,000.
Solution) V(8)=30000(0.98)=$12,914
17
Compound
p
Interest
The compound interest formula is
r
A = P 1 +
n
nt
18
Example
p
Find the amount to which $1500 will grow if deposited in a
bank at 5.75% interest compounded quarterly for 5 years.
19
Solution
Find the amount to which $1500 will grow if deposited in a
bank at 5.75% interest compounded quarterly for 5 years.
Solution) Use the compound interest formula:
r
A = P 1 +
n
nt
A = 1500 1 +
= $1995.55
20
End of Slides
Please, solve the exercise problems , especially the
Please
applications given in the textbook.
If you dont solve a problem by your hands, you will have
a difficult time on the exam.
exam Studying this course consists
of understanding the concepts/techniques and
problems especially the applications.
solving the problems,
21
Learning Objectives
f Section
for
S
2.5 Logarithmic
h
Functions
z The student will be able to use and apply inverse functions
functions.
z The student will be able to use and apply
pp y logarithmic
g
functions and properties of logarithmic functions.
functions
z The student will be able to evaluate logarithms
logarithms.
g
Logarithmic
g
Functions
There is a close connection between a logarithmic function and
an exponential function inverse relation.
relation
We will study the concept of inverse functions as a
prerequisite for our study of logarithmic function.
Oneto
One
to
One Functions
We wish to define an inverse of a function.
function Before we do so
so, it
is necessary to discuss the topic of onetoone functions. First
of all, only certain functions are one
onetoone
to one.
Definition: A function is said to be one
one
to
to
one if distinct
inputs of a function correspond to distinct outputs.
outputs
In notation
notation,
For x1 x 2 , f ( x1 ) f ( x 2 )
Graph
p off One
Oneto
to
One Functions
If we choose two different x values, the corresponding y values
of the one-to-one function should be different.
Lots of graphs will be given in class.
Definition
f
off Inverse Function
Given a one
one--to
to--one function
function, the inverse function is found by
interchanging the x and y values of the original function.
function That
is to say, if an ordered pair (a, b) belongs to the original
function, then the ordered pair (b, a) belongs to the inverse
function.
Note: If a function is not oneone-to
to--one (fails the horizontal line
test), then the inverse of such a function does not exist.
exist
Logarithmic
g
Functions
The logarithmic function with base 2 is defined to be the
inverse of the exponential function with base 2,
2 y=2x.
Notice that the exponential function y=2x is one-to-one and
therefore has an inverse.
Generally, the logarithmic function with base n > 0 is defined
to be the inverse of the exponential function with base n > 0.
Logarithmic
Logarithmic
g
Exponential
p
Conversions
Study the examples below. You should be able to convert a
logarithmic into an exponential expression and vice versa.
log4 16 = x 4 = 16 x = 2
1
1
log3
= log3 3 = log3 3 3 = 3
27
3
x
1
2
1
81 = 9 81 = 9 log81 9 =
2
3
125 = 5 log5 125 = 3
Calculus for Business & Economics
10
Solvingg Equations
q
Using the definition of a logarithm
logarithm, you can solve equations
involving logarithms.
Examples: log 1000 = 3 b 3 = 10 3 b = 10
b
log6 x = 5 6 = x 7776 = x
5
11
Properties
p
off Logarithms
g
(Must
(
Memorize))
These are the properties of logarithms. M and N are positive
real numbers, b not equal to 1, and p and x are real numbers.
(For
For
orr 4,, wee need
eed
edd x > 0).
)..
1. logb 1 = 0
2. logb b = 1
3. logb b x = x
4. b logb x = x
12
Example
p
Solve for x: log4 ( x + 6 ) + log4 ( x 6 ) = 3
13
Solution
Solve for x: log4 ( x + 6 ) + log4 ( x 6 ) = 3
log4 ( x + 6 )( x 6 ) = 3
log4 ( x 2 36 ) = 3
4 3 = x 2 36
64 = x 2 36
100 = x 2
10 = x
x = 10
Question: why is the answer the positive 10 only?
Calculus for Business & Economics
14
Example
p
Solve for x:
15
Solution
Solve for x:
=x
110000
0000
1
logg1100
=x
10000
log10 10 4 = x
x = 4
16
Common Logs
g & Natural Logs
g
Common log:
log log x = log10 x
If no base is indicated, the logarithm is assumed to be base 10.
Natural log:
log ln x = loge x
Here e represents the Euler constant, e 2.7181828.
17
Example
p
Solve for x:
ln( x + 1) ln x = 1
18
Solution
Solve for x:
ln( x + 1) ln x = 1
x +1
ln
=1
x
x +1
e=
x
ex = x + 1
( e 1)x = 1
1
x=
e 1
19
Application
pp
How long will it take money to double if compounded monthly
at 4 % interest?
20
Solution
By the compound interest formula,
formula
nt
r
A = P 1 +
n
12 t
0.04
2P = P 1 +
12
12 t
2 = (1.00333
1 00333 )
ln 2 = ln (1.00333 ) = 12t ln (1.00333 )
ln 2
= t t = 17.36
12 ln (1.00333 )
12 t
21
Logarithmic
g
Regression
g
Among increasing functions
functions, the logarithmic functions with
bases b > 1 increase much more slowly for large values of x
than either exponential or polynomial functions
functions. When a visual
inspection of the plot of a data set indicates a slowly increasing
function a logarithmic function provides a good model
function,
model.
We use logarithmic regression on a graphing calculator to find
the function of the form y = a + b ln x that best fits the data.
Again, since the regression subject depends on the calculator,
we skip this subject.
Calculus for Business & Economics
22
End of Slides
Please, solve the exercise problems , especially the
Please
applications given in the textbook.
If you dont solve a problem by your hands, you will have
a difficult time on the exam.
exam Studying this course consists
of understanding the concepts/techniques and
problems especially the applications.
solving the problems,
23
Chapter 2 Review
- Important
I
Terms,
T
Symbols,
S b l Concepts
C
2.1. Functions
Point--by
Point
by--point plotting may be used to sketch the graph of an
equation in two variables: plot enough points from its solution
set in a rectangular coordinate system so that the total graph is
apparent and then connect these points with a smooth curve.
A function is a correspondence between two sets of elements
such that to each element in the first set there corresponds one
and only one element in the second set. The first set is called
the domain and the second set is called the range
range.
Calculus for Business & Economics
Section 2.3 Q
Quadratic Functions
If a, b, and c are real numbers with a not equal to 0, then the
function f(x) = ax2 + bx + c is a quadratic function in
standard form, and its graph is a parabola
parabola.
The Quadratic Formula,
Formula
b b 2 4ac
x=
, when b 2 4ac 0
2a
Section 2.3 Q
Quadratic Functions ((continued))
Completing the square in the standard form of a quadratic
function produces the vertex form,
Section 2.3 Q
Quadratic Functions ((continued))
Quadratic regression on a graphing calculator produces the
function of the form y = ax2 + bx + c that best fits a data set.
A quadratic function is a special case of a polynomial function,
that is, a function that can be written in the form
f(x) = anxn + an-1xn-1 + + a1x + a0
Unlike polynomial functions, a rational function can have
vertical asymptotes (but not more than the degree of the
denominator) and at most one horizontal asymptote.
asymptote
Calculus for Business & Economics
A = P 1 +
n
Calculus for Business & Economics
10
11
12
13
End of Slides
Please, solve the exercise problems , especially the
Please
applications given in the textbook.
If you dont solve a problem by your hands, you will have
a difficult time on the exam.
exam Studying this course consists
of understanding the concepts/techniques and
problems especially the applications.
solving the problems,
14
LearningObjectives
forSection3.1IntroductiontoLimits
The student will learn about:
Functions
F
ti
and
d graphs
h
Limits from a graphic approach
Limits from an algebraic approach
q
Limits of difference quotients.
Functions&Graphs
BriefOverview
The graph of a function is the graph of the set of all
ordered
d d pairs
i th
thatt satisfy
ti f th
the ffunction.
ti
Example: f ( x ) = 2 x 1
AnalyzingaLimit(GraphicalApproach)
y g
( p
pp
)
Based on the graph,
graph we observe
as x goes to 3, f(x) = 2x 1 goes to 5
In fact, without using the graph, we observe
as x goes to 1000, f(x) = 2x 1 goes to 1999
We introduce a notation and express as follows:
as
as x 1000,
1000 f(x) = 2x 1 1999
1999
Limit
DEFINITION Using the limit notation,
notation
as x c, f(x) L is compacted into the form:
limx c f ( x ) = L
It reads as
as x goes to c, the limit of f(x) is L.
L.
The meaning of the equation is whenever x is close
(either side) to c,
c but not equal to cc, f(x) is close to th
e single real number L.
OneSidedLimit
One
We write limx c f ( x ) = K
and call K the limit from the left (or left
left
hand limit)
limit
if f (x) is close to K whenever x is close to c, but to th
e left of c on the real number line.
We write limx c + f ( x ) = L
and call L the limit from the right (or right
right
hand li
mit) if f (x) is close to L whenever x is close to c, but t
mit
o the right of c on the real number line.
In order for a limit to exist,
exist the limit from the left and
the limit from the right must exist and be equal.
Calculus for Business & Economics
Example
p (confertheMathematica
onfertheMathematica fileSec3.1
fileSec3.1))
limx 2 f ( x ) = 2
b lilimx 2 + f ( x ) = 3
but
So limx 2 f ( x ): not exists
So,
exists.
limx 4 f ( x ) = 5
andd lim
li x 4 + f ( x ) = 5
So limx 4 f ( x ) = 5
So,
Calculus for Business & Economics
LimitProperties(AlgebraicApproach)
p
( g
pp
)
Let f and g be two functions,
functions and assume that the
following two limits exist and are finite:
limx c f ( x ) = L and limx c g( x ) = K
=L+K
Calculus for Business & Economics
= LK
LimitProperties(AlgebraicApproach)
p
( g
pp
)
(2) The limit of a constant times a function is equ
al to the constant times the limit of the function:
limx c [ af ( x )] = a[limx c f ( x )] = aL, a: constant
(3) The limit of the product of the functions is the
product of the limits of the functions:
p
LimitProperties(AlgebraicApproach)
p
( g
pp
)
(4) The limit of the quotient of the function is the
quotient of the limit of the function, provided tha
t K is
i nott equall to
t 0:
0
f ( x ) limx c f ( x ) L
li x c
lim
=
= , if lim
li x c g(( x ) 0
g( x ) limx c g( x ) K
(5) The limit of the nn-th root of a function is the n
-th root of the limit of that function:
1
n
1
n
1
n
limx c [ f ( x )] = [limx c f ( x )] = L
Calculus for Business & Economics
Example
p
lim( x 3x ) = lim x 3 lim x = 4 3( 2 ) = 2
2
x 2
x 2
x 2
lim(
m(
2
x
)
2
x
8
x 4
lim
=
=
x 4 3x + 1
lim( 3x + 1 ) 13
x 4
10
IndeterminateForms
If
th
then,
x c
f( x)
g( x )
or lim
lim
x c g( x )
x c f ( x )
is said to be indeterminate
indeterminate. The term indetermina
te is used because the limit may or may not exist.
How to make the indeterminate form to be dete
rminate? Simplify the quotient!
Calculus for Business & Economics
11
Examples
p
x2 4
( x + 2 )( x 2 )
lim
= lim
= lim( x + 2 ) = 4
x 2 x 2
x 2
x 2
x2
( x 1) 2
( x 1) 2
x 1
lim 2
= lim
= lim
=0
x 1 x 1
x 1 ( x + 1)( x 1)
x 1 x + 1
12
DifferenceQuotients
For f(x) = 3x 1,
1 find lim f ( a + h) f ( a)
h 0
h
13
Solution
For f(x) = 3x 1,
1 find lim f ( a + h) f ( a)
h 0
h
Solution:
f ( a + h) = 3( a + h) 1 = 3a + 3h 1
f ( a) = 3a 1
f ( a + h) f ( a) = 3h
f ( a + h) f ( a)
3h
lim
= lim = 3
h 0
h 0 h
h
14
Summaryy
We started by using a table to investigate the i
dea of a limit.
limit This was an intuitive way to approa
ch
h limits.
li i
We saw that if the left and right limits at a poi
nt were the same, we had a limit at that point.
point
We saw that we could add, subtract, multiply,
and divide limits.
limits
We now have some very powerful tools for deali
ng with
ith limits
li it and
d can go on to
t our study
t d off calcul
l l
us.
Calculus for Business & Economics
15
Total cost of producing (x + 1) items is C (x + 1). Total cost of producing x items is C (x).
Thus, we deduce that the total cost of producing (x + 1)th item is C (x + 1) C (x). Similar statements
can be made for the revenue and prot.
Remark.
(2) C 0 (500) = 40. At production level of 500 units, the total cost increases at the rate of 40.
(3) C (501) C (500) = 39:95.
Theorem.
i.e.,
The marginal cost function approximates the exact cost of producing the (x + 1)th item,
C 0 (x) C (x + 1)
C (x):
Similar statements can be made for total revenue function and total prot function.
Example.
item.
For C (x) = 10000 + 90x 0:05x2 , use the marginal cost to approximate the cost of the 335th
Answer. C 0 (x) = 90 0:1x implies C 0 (334) = 56:6. Thus the approximated cost is 56:6. For your informa-
tion, the exact cost is C (335) C (334) = 56:55. We observe the approximated cost is very close to the exact
cost. So it is good to use the approximated cost instead of the exact cost.
where P is the principal, r is the annual nominal interest rate compounded continuously, t is the time
in years and A is the amount at time t and e is the Euler constant e 2:71.
Let 1000 DHS be invested at 5% compounded continuously.
(1) What amount will be in the account after 3 years? How much interest will be earned?
(2) How long will it take for the account to be worth 2000 DHS?
Example.
i:e:;
2 = e0:05t ;
i:e:;
ln 2 = 0:05t;
i:e:;
t=
ln 2
0:05
13:8629:
A bank note will pay 30000 DHS at maturityy 5 years from now. How much should you be
willing to pay for the note now if money is worth 7% compounded continuously?
Example.
i:e:;
30000 = P e0:35 ;
i:e:;
P=
30000
e0:35
21140:6
a promissory note issued by a bank payable to bearer on demand but without interest and circulating as money
y the time when a note or bill of exchange becomes due
Example.
(ex )0 = ex :
Answer. f 0 (x) = 5(ex )0 3(x4 )0 7(xe )0 + (e2 )0 = 5ex 12x3 7exe 1 + 0 = 5ex 12x3 7exe 1 :
Theorem
1
(ln x)0 = :
x
Be careful! \ln x" means \the natural logarithmic function", i.e., ln x = loge x, where e is the Euler
constant.
Example.
Theorem
ln x + x4 ;
1
+ 4 x3 :
x
d x
e = ex ;
dx
Example.
6 ln x = 3ex
d
1
ln x = ;
dx
x
d x x
b = b ln b;
dx
d
1 1
logb x =
:
dx
ln b x
Find f 0 (x) for f (x) = 2x 3x + x10 + 10x + log2 x 6 log5 x + log4 x5 + log3 (10x2 ).
Also,
Example.
dy
dF
dS
=
S+F
:
dx
dx
dx
y0 = F 0S + F S 0;
Answer. Let F (x) = 3x + 2 and S (x) = 4x2 5x. Then f (x) = F (x)S (x) and by the formula above,
f 0 (x) = F 0 (x)S (x) + F (x)S 0 (x)
= (3x + 2)0 (4x2 5x) + (3x + 2)(4x2 5x)0
= 3(4x2 5x) + (3x + 2)(8x 5) = 2(18x2 7x
Theorem
F (x)
, then
S (x )
f 0 (x) =
Also,
y0 =
Example.
F 0S
S2
5):
F S0
dF
dx
S2
dS
dx
x3
.
2x 1
F (x)
and by the formula above,
S (x)
f 0 (x ) =
Example.
Let f (u) = eu and g(x) = 3x. Find f [g(x)] and g[f (u)].
Answer.
f [g (x)] = f [ 3x] = e
3x :
(1) Let f (u) = eu and g(x) = ex . Find f [g(x)] and g[f (u)].
(2) Let f (u) = eu and g(x) = ln x. Find f [g(x)] and g[f (u)].
Exercise.
Theorem
then
y = f 0 [g (x)]g 0 (x);
or
dy dy du
=
:
dx du dx
u3=2
Answer.
(1)
(2)
Exercise.
dy
du
du
dx
dy
dx
dy
du
du
dx
dy
dx
=
=
=
=
=
=
d 3=2
3
u = (u3=2 )0 = u1=2 :
du
2
d
(3x2 + 1) = (3x2 + 1)0 = 6x:
dx
dy dy 3 1=2
= u (6x) = 9x(3x2 + 1)1=2 :
du dx 2
d u
e = (eu )0 = eu :
du
d
(2x3 + 5) = (2x3 + 5)0 = 6x2 :
dx
dy dy
3
= eu (6x2 ) = 6x2 e2x +5 :
du dx
Find dy=dx for y = e3x + 3ex + eex + eln(x+2) + log1:8 3x + log4 (x2 + 3) + log5 (ex ) + ln(ln x).
1
dy
= 6x:
dx
i:e:;
We say that the equation y = 2 3x2 gives explicitly y as a function of x, while the equation 3x2 + y 2 = 0
gives implicitly y . The technique discussed here in this section is about nding dy=dx without changing
the implicit form of an equation into the explicit one.
Problem 2: Let us consider the problem: nd dy=dx from y 2
x = 0.
Solution 1 (Using Explicit Form). The equation is given in the implicit form. We change it into the
explicit form:
y 2 = x;
y = x = x1=2 :
i:e:;
1=2
=
1
p
:
2 x
(F)
Solution 2 (Implicit Dierentiation). We just dierentiate the whole equation with respect to x:
d 2
y
dx
x =
d
(0) ;
dx
dy 2
dx
i:e:;
dx
= 0;
dx
dy 2
dx
i:e:;
1 = 0:
Here we have the problem: how do we dierentiate y 2 with respect to x? That is, what is
dy 2
?
dx
This is the place where we must use the CHAIN RULE and this is the reason why
we learned the chain rule just before this section.
Using the chain rule, we have
dy 2 dy 2 dy 2 0 dy
dy
=
= y
= 2y ;
dx
dy dx
dx
dx
Thus, we have
dy 2
dx
p
Since y = x, we have
1 = 0;
i:e:;
2y
dy
dx
1 = 0;
dy
1
1
= = p ;
dx 2y
2 x
dy 2
dy
= 2y :
dx
dx
i:e:;
dy
1
= :
dx 2y
dy
2(2)
4
=
=
=
:
(2;3)
2
dx (2;3)
3(3 )
27
Exercise.
Find y0 from 2x + 6y 4 = 0.
Exercise.
at (1; 4).
Let us think about the escalator. We have two kinds of escalator: one always going
upward and the other one always going downward. When we take the escalator going
upward, obviously we can reach upstairs. If we take the other escalator, we can reach
downstairs.
Now we consider the graph of y = x2 . On the interval [0; 1), as x goes to the right{
hand side, the graph is going upward. So the graph of y = x2 on the interval [0; 1)
looks like the escalator always going upward. On the other hand, the graph of y = x2
on the interval ( 1; 0] looks like the escalator always going downward, because as x
goes to the right{hand side, the graph is going downward.
If a graph of a function looks like the escalator always going upward on an interval
[a; b], we say that the graph/function is increasing on [a; b].
If a graph of a function looks like the escalator always going downward on an interval
[a; b], we say that the graph/function is decreasing on [a; b].
We observe the followings:
(1) On the interval where the graph/function f is increasing, the slope of the tangent
line is positive, which implies f 0 (x) > 0 on the interval.
(2) On the interval where the graph/function f is decreasing, the slope of the tangent
line is negative, which implies f 0 (x) < 0 on the interval.
Then what is the slope of the tangent line at the point where the graph/function
is neither increasing nor decreasing? The slope should be between positiveness and
negativeness, that is, the slope should be zero, which implies f 0 (x) = 0 on the interval.
We can summarize this argument in the Theorem.
Theorem 1
f (x )
Graph of f
Examples
Increases
Rises
Given in Class
Decreases
Falls
Given in Class
For the graphs of f (x) = x2 and g (x) = jxj, discuss the relationship
between the graph of each function at x = 0 and the derivative of the function at
x = 0. (Please confer the gures below.)
Discussion 2.
fHxL=x 2
gHxL=x
20
10
x
-4
-2
Example 3.
-4
-2
6x + 10,
f 0 (x ) = 2 x
6 = 2(x 3) = 0
at x = 3:
f (x) is decreasing on (c; d) if and only if f 0 (x) < 0 on (c; d). Since f 0 (x) = 2(x 3) < 0
for x < 3, i.e., on ( 1; 3), thus f (x) is increasing on ( 1; 3).
When we use the sign chart, we can easily get the sign of f 0 (x):
Less than 3 3 Bigger than 3
f 0 (x) = 2(x 3)
0
+
f (x )
Decreases 1
Increases
x
10
5
1
-1 0
x
1
The point at which f has the horizontal (f 0 (x) = 0) or vertical tangent line (f 0 (x)
does not exist) is very important.
(Critical Values). The values of x in the domain of f where f 0 (x) = 0
or where f 0 (x) does not exist are called the critical values of f .
Definition 4
Find (1) the critical values of f , (2) the intervals on which f is increasing,
and (3) those on which f is decreasing, for f (x) = 1 x3 .
Example 5.
x
f 0 (x) = 3x2
f (x )
fHxL=-x 3
x
1
-1
Find (1) the critical values of f , (2) the intervals on which f is increasing,
and (3) those on which f is decreasing, for f (x) = (1 + x)1=3 .
Example 6.
1
.
3(1 + x)2=3
(1) Since f 0 (x) does not exist at x = 1 which is in the domain of f , so f has the only
critical value 1.
(3) By the sign chart in (2), there is no interval where f is decreasing. Please confer
the gure below.
fHxL=H1+xL13
x
-5
-3
-1
-1
Find (1) the critical values of f , (2) the intervals on which f is increasing,
1
and (3) those on which f is decreasing, for f (x) = .
x
Example 7.
1
.
x2
(1) Since f 0 (x) does not exist at x = 0 which is not in the domain of f , so f does not
have any critical value. However, we use the value x = 0 in the sign chart.
Less than 0
f 0 (x )
f (x )
Decreases
0
Bigger than 0
Does Not Exist
Does Not Exist
Decreases
1
fHxL=
x
x
-5
-3
-1
-1
Find (1) the critical values of f , (2) the intervals on which f is increasing,
and (3) those on which f is decreasing, for f (x) = 5 ln x x.
Example 8.
Solution. We observe that f (x) has the domain (0; 1) and start with the derivative:
5
x
5 x 5 x
=
.
x x
x
5 x
(1) Since f 0 (x) =
= 0 at x = 5 which is in the domain of f and f 0 (x) does not
x
exist at x = 0 which is not in the domain of f , so f has two critical values 0 and 5.
f 0 (x) =
1=
fHxL=5Log@xD-x
3
x
1
10
A student examined the sign chart in the Example above with f (x) =
1=x and conclude that f (x) is decreasing for all x except x = 0. However, f ( 1) =
1 < f (1) = 1, which seems to indicate that f is increasing. Discuss the dierence
between the correct answer in the Example and the student's answer. Explain why
the student's description of where f is decreasing is unacceptable.
Discussion 9.
Exercise 10.
Definition 11.
(2) f (c) is called a local minimum if there exist an interval (m; n) containing c such
that f (x) f (c) for all x in (m; n).
(3) f (c) is called a local extremum if it is either a local maximum or a local minimum.
(4) A point on a graph where a local extremum occurs is also called a turning point .
How to nd the local extremum? If the graph changes from rising/increasing to
falling/decreasing, the high point is the local maximum point. If the graph changes
from falling/decreasing to rising/increasing, the low point is the local minimum point.
Example 12.
For the given gure, nd the local extrema and critical values.
Solution. (1) Local maximum occurs at x = d, because the graph changes from rising
to falling at x = d.
(2) Local minima occur at x = b and x = g , because the graph changes from falling
to rising at x = b and x = g .
(3) f has critical values (at which f has the horizontal tangent line, i.e., f 0 = 0) x = c,
x = d and x = g ; and critical values (at which f has the vertical tangent line, i.e., f 0
does not exist) x = b and x = h.
From the example above, we observe that the local extrema occur only at the critical
values. So we have the following theorem.
(Existence of Local Extrema). If f is continuous on the interval (a; b),
c is a number in (a; b) and f (c) is a local extremum, then f has the critical value at
x = c. That is, either f 0 (c) = 0 (i.e., f has the horizontal tangent line at x = c) or
f 0 (c) does not exist (i.e., f has the vertical tangent line at x = c).
Theorem 13
FirstDerivative Test
Our strategy for nding local extrema is clear: We nd all critical values of f and test
each one to see if it produces a local maximum, a local minimum, or neither.
We recall that the graph changes from rising/increasing to falling/decreasing, the
high point is a local maximum. The graph changes from falling/decreasing to rising/increasing, the low point is a local minimum. Based on this observation, we
deduce the following important theorem.
(First{Derivative Test for Local Extrema). Let c be a critical value of f .
(That is, f (c) is dened and either f 0 (c) = 0 or f 0 (c) is not dened.) If f 0 (x) changes
the sign around x = c, then f has the local extrema at c.
Theorem 14
Given f (x) = x3
18x + 24 = 3(x2
1; 1) of f , so f has
From the sign chart, we observe f 0 is positive on the left{hand side of 2 and negative on
the right{hand side of 2. So by the FirstDerivative Test , f has the local maximum
value f (2) = 10 at x = 2.
Also f 0 is negative on the left{hand side of 4 and positive on the right{hand side of 4.
So by the FirstDerivative Test , f has the local minimum value f (4) = 6 at x = 4.
10
10
Applications to Economics
s'@tD
1
t
6
16
20
-4
The graph approximates the rate of change of the U.S. Share of the
total world production of motor vehicles over a 20{year period, where S (t) is the U.S.
Share (as a percentage) and t is time (in years).
Example 16.
(1) Write a brief verbal description of the graph of y = S (t), including a discussion of
any local extrema.
(2) Sketch a possible graph of y = S (t).
Between 0 and 6
S 0 (t )
S (t)
Decreases
6
Between 6 and 16
16
Bigger than 16
0
+
0
Don't Know
Increases
Don't Know
Decreases
11
S@tD
t
6
16
20
The graph of the total prot P (x) (in dollars) from the sale of x cordless
electric screwdrivers is shown in the gure.
Example 17.
P@xD
125
x
100
150
200
250
-1000
(1) Write a brief verbal description of the graph of the marginal prot function y =
P 0 (x), including a discussion of any x intercepts.
(2) Sketch a possible graph of y = P 0 (x).
From the sign chart, we observe that the marginal prot function P 0 (x) is positive on
(0; 150) and negative on (150; 250). And P 0 (x) = 0 at x = 150.
12
x
100
150
13
200
250