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§ 10.5 Limits and the Derivative Derivatives of Constants, Power Forms, and Sums The student will learn about: the derivative of a constant function, the power rule, a constant times f (x), derivatives of sums and differences, and an application. Dr .Hayk Melikyan Departmen of Mathematics and CS [email protected] H.Melikian 1 WARM UP EXERCISE The ozone level (in parts per billion) on a summer day at R University is given by P(x) = 80 + 12x – x 2 Where t is hours after 9 am. 1. Use the two-step process to find P’(x). 2. Find P(3) and P’(3). 3. Write an interpretation. H.Melikian 2 Objectives for Section 10.5 Power Rule and Differentiation Properties ■ The student will be able to calculate the derivative of a constant function. ■ The student will be able to apply the power rule. ■ The student will be able to apply the constant multiple and sum and difference properties. ■ The student will be able to solve applications. H.Melikian 3 Derivative Notation In the preceding section we defined the derivative of a function. There are several widely used symbols to represent the derivative. Given y = f (x), the derivative of f at x may be represented by any of the following: ■ f (x) ■ y ■ dy/dx H.Melikian 4 Example 1 What is the slope of a constant function? H.Melikian Barnett/Ziegler/Byleen College 5 Example 1 (continued) What is the slope of a constant function? The graph of f (x) = C is a horizontal line with slope 0, so we would expect f ’(x) = 0. Theorem 1. Let y = f (x) = C be a constant function, then y = f (x) = 0. H.Melikian Barnett/Ziegler/Byleen College 6 Power Rule A function of the form f (x) = xn is called a power function. This includes f (x) = x (where n = 1) and radical functions (fractional n). Theorem 2. (Power Rule) Let y = xn be a power function, then y = f (x) = dy/dx = n xn – 1. THEOREM 2 IS VERY IMPORTANT. IT WILL BE USED A LOT! H.Melikian 7 Example 2 Differentiate f (x) = x5. H.Melikian 8 Example 2 Differentiate f (x) = x5. Solution: By the power rule, the derivative of xn is n xn–1. In our case n = 5, so we get f (x) = 5 x4. H.Melikian 9 Example 3 Differentiate f ( x ) H.Melikian 3 x. 10 Example 3 Differentiate f ( x ) 3 x. Solution: Rewrite f (x) as a power function, and apply the power rule: f ( x) x f ( x ) 1 3 H.Melikian 1/ 3 x 2 / 3 1 3 3 x 2 11 Constant Multiple Property Theorem 3. Let y = f (x) = k u(x) be a constant k times a function u(x). Then y = f (x) = k u (x). In words: The derivative of a constant times a function is the constant times the derivative of the function. H.Melikian 12 Example 4 Differentiate f (x) = 7x4. H.Melikian 13 Example 4 Differentiate f (x) = 7x4. Solution: Apply the constant multiple property and the power rule. f (x) = 7(4x3) = 28 x3. H.Melikian 14 Sum and Difference Properties Theorem 5. If y = f (x) = u(x) ± v(x), then y = f (x) = u(x) ± v(x). In words: ■ The derivative of the sum of two differentiable functions is the sum of the derivatives. ■ The derivative of the difference of two differentiable functions is the difference of the derivatives. H.Melikian 15 Example 5 Differentiate f (x) = 3x5 + x4 – 2x3 + 5x2 – 7x + 4. H.Melikian 16 Example 5 Differentiate f (x) = 3x5 + x4 – 2x3 + 5x2 – 7x + 4. Solution: Apply the sum and difference rules, as well as the constant multiple property and the power rule. f (x) = 15x4 + 4x3 – 6x2 + 10x – 7. H.Melikian 17 Applications Remember that the derivative gives the instantaneous rate of change of the function with respect to x. That might be: ■ Instantaneous velocity. ■ Tangent line slope at a point on the curve of the function. ■ Marginal Cost. If C(x) is the cost function, that is, the total cost of producing x items, then C(x) approximates the cost of producing one more item at a production level of x items. C(x) is called the marginal cost. H.Melikian 18 Tangent Line Example Let f (x) = x4 – 6x2 + 10. (a) Find f (x) (b) Find the equation of the tangent line at x = 1 H.Melikian 19 Tangent Line Example(continued) Let f (x) = x4 – 6x2 + 10. (a) Find f (x) (b) Find the equation of the tangent line at x = 1 Solution: (a) f (x) = 4x3 - 12x (b) Slope: f (1) = 4(13) – 12(1) = -8. Point: If x = 1, then y = f (1) = 1 – 6 + 10 = 5. Point-slope form: y – y1 = m(x – x1) y – 5 = –8(x –1) y = –8x + 13 H.Melikian 20 Application Example The total cost (in dollars) of producing x portable radios per day is C(x) = 1000 + 100x – 0.5x2 for 0 ≤ x ≤ 100. 1. Find the marginal cost at a production level of x radios. H.Melikian 21 Example (continued) The total cost (in dollars) of producing x portable radios per day is C(x) = 1000 + 100x – 0.5x2 for 0 ≤ x ≤ 100. 1. Find the marginal cost at a production level of x radios. Solution: The marginal cost will be C(x) = 100 – x. H.Melikian 22 Example(continued) 2. Find the marginal cost at a production level of 80 radios and interpret the result. H.Melikian 23 Example(continued) 2. Find the marginal cost at a production level of 80 radios and interpret the result. Solution: C(80) = 100 – 80 = 20. It will cost approximately $20 to produce the 81st radio. 3. Find the actual cost of producing the 81st radio and compare this with the marginal cost. H.Melikian 24 Example(continued) 2. Find the marginal cost at a production level of 80 radios and interpret the result. Solution: C(80) = 100 – 80 = 20. It will cost approximately $20 to produce the 81st radio. 3. Find the actual cost of producing the 81st radio and compare this with the marginal cost. Solution: The actual cost of the 81st radio will be C(81) – C(80) = $5819.50 – $5800 = $19.50. This is approximately equal to the marginal cost. H.Melikian 25 Summary If f (x) = C, then f (x) = 0 If f (x) = xn, then f (x) = n xn-1 If f (x) = ku(x), then f (x) = ku(x) If f (x) = u(x) ± v(x), then f (x) = u(x) ± v(x). H.Melikian 26 Practice Problems §3.4 1, 5, 9, 13, 17, 19, 23, 25, 29, 33, 37, 41, 45, 49, 53, 57, 61, 65, 69, 73, 77, 81, 83, 87, 89. H.Melikian 27 Learning Objectives for Section 10.6 Differentials The student will be able to apply the concept of increments. The student will be able to compute differentials. The student will be able to calculate approximations using differentials. H.Melikian Hayk Melikyan/ MATH2000/ 28 28 Increments In a previous section we defined the derivative of f at x as the limit of the difference quotient: f ' ( x ) lim h 0 f ( x h) f ( x) h Increment notation will enable us to interpret the numerator and the denominator of the difference quotient separately. H.Melikian 29 29 Example Let y = f (x) = x3. If x changes from 2 to 2.1, then y will change from y = f (2) = 8 to y = f (2.1) = 9.261. We can write this using increment notation. The change in x is called the increment in x and is denoted by x. is the Greek letter “delta”, which often stands for a difference or change. Similarly, the change in y is called the increment in y and is denoted by y. In our example, x = 2.1 – 2 = 0.1 y = f (2.1) – f (2) = 9.261 – 8 = 1.261. H.Melikian 30 30 Graphical Illustration of Increments For y = f (x) x = x2 - x1 y = y2 - y1 x2 = x1 + x = f (x2) – f (x1) = f (x1 + x) – f (x1) ■ y represents the change in y corresponding to a x change in x. ■ x can be either (x2, f (x2)) y (x1, f (x1)) x1 x x2 positive or negative. H.Melikian 31 31 Differentials Assume that the limit For small x, f ' ( x ) lim x 0 f '( x) y x exists. y x Multiplying both sides of this equation by x gives us y f ’(x) x. Here the increments x and y represent the actual changes in x and y. H.Melikian 32 32 Differentials(continued) One of the notations for the derivative is f ' ( x ) dy dx If we pretend that dx and dy are actual quantities, we get dy f ' ( x ) dx We treat this equation as a definition, and call dx and dy differentials. H.Melikian 33 33 Interpretation of Differentials x and dx are the same, and represent the change in x. The increment y stands for the actual change in y resulting from the change in x. The differential dy stands for the approximate change in y, estimated by using derivatives. y dy f ' ( x ) dx In applications, we use dy (which is easy to calculate) to estimate y (which is what we want). H.Melikian 34 34 Example 1 Find dy for f (x) = x2 + 3x and evaluate dy for x = 2 and dx = 0.1. H.Melikian 35 35 Example 1 Find dy for f (x) = x2 + 3x and evaluate dy for x = 2 and dx = 0.1. Solution: dy = f ’(x) dx = (2x + 3) dx When x = 2 and dx = 0.1, dy = [2(2) + 3] 0.1 = 0.7. H.Melikian 36 36 Example 2 Cost-Revenue A company manufactures and sells x transistor radios per week. If the weekly cost and revenue equations are C ( x ) 5 , 000 2 x R ( x ) 10 x x 2 1, 000 0 x 8 , 000 find the approximate changes in revenue and profit if production is increased from 2,000 to 2,010 units/week. H.Melikian 37 37 Example 2 Solution The profit is x P ( x) R ( x) C ( x) 8 x 2 5 , 000 1, 000 We will approximate R and P with dR and dP, respectively, using x = 2,000 and dx = 2,010 – 2,000 = 10. x dR R ' ( x ) dx (10 ) dx 500 (10 2 , 000 ) 10 $ 60 500 x dP P ' ( x ) dx ( 8 per week ) dx 500 (8 2 , 000 ) 10 $ 40 per week 500 H.Melikian 38 38 Objectives for Section-10.7 Marginal Analysis The student will be able to compute: ■ Marginal cost, revenue and profit ■ Marginal average cost, revenue and profit ■ The student will be able to solve applications H.Melikian 39 39 Marginal Cost Remember that marginal refers to an instantaneous rate of change, that is, a derivative. Definition: If x is the number of units of a product produced in some time interval, then Total cost = C(x) Marginal cost = C’(x) H.Melikian 40 40 Marginal Revenue and Marginal Profit Definition: If x is the number of units of a product sold in some time interval, then Total revenue = R(x) Marginal revenue = R’(x) If x is the number of units of a product produced and sold in some time interval, then Total profit = P(x) = R(x) – C(x) Marginal profit = P’(x) = R’(x) – C’(x) H.Melikian 41 41 Marginal Cost and Exact Cost Assume C(x) is the total cost of producing x items. Then the exact cost of producing the (x + 1)st item is C(x + 1) – C(x). The marginal cost is an approximation of the exact cost. C’(x) ≈ C(x + 1) – C(x). Similar statements are true for revenue and profit. H.Melikian 42 42 Example 1 The total cost of producing x electric guitars is C(x) = 1,000 + 100x – 0.25x2. 1. Find the exact cost of producing the 51st guitar. 2. Use the marginal cost to approximate the cost of producing the 51st guitar. H.Melikian 43 43 Example 1(continued) The total cost of producing x electric guitars is C(x) = 1,000 + 100x – 0.25x2. 1. Find the exact cost of producing the 51st guitar. The exact cost is C(x + 1) – C(x). C(51) – C(50) = 5,449.75 – 5375 = $74.75. 2. Use the marginal cost to approximate the cost of producing the 51st guitar. The marginal cost is C’(x) = 100 – 0.5x C’(50) = $75. H.Melikian 44 44 Marginal Average Cost Definition: If x is the number of units of a product produced in some time interval, then Average cost per unit C ( x) C ( x) x Marginal average cost C ' ( x ) H.Melikian d C ( x) dx 45 45 Marginal Average Revenue Marginal Average Profit If x is the number of units of a product sold in some time interval, then Average revenue per unit R ( x ) R ( x) Marginal average revenue R ' ( x ) x d R ( x) dx If x is the number of units of a product produced and sold in some time interval, then Average profit per unit Marginal average profit H.Melikian P ( x) P ( x) P '( x) x d P ( x) dx 46 46 Warning! To calculate the marginal averages you must calculate the average first (divide by x), and then the derivative. If you change this order you will get no useful economic interpretations. H.Melikian 47 47 Example 2 The total cost of printing x dictionaries is C(x) = 20,000 + 10x 1. Find the average cost per unit if 1,000 dictionaries are produced. H.Melikian 48 48 Example 2(continued) The total cost of printing x dictionaries is C(x) = 20,000 + 10x 1. Find the average cost per unit if 1,000 dictionaries are produced. C ( x) C ( x) 20 , 000 10 x x C (1, 000 ) x 20 , 000 10 , 000 1, 000 H.Melikian = $30 49 49 Example 2(continued) 2. Find the marginal average cost at a production level of 1,000 dictionaries, and interpret the results. H.Melikian 50 Example 2(continued) 2. Find the marginal average cost at a production level of 1,000 dictionaries, and interpret the results. Marginal average cost = C '( x) d C ( x) dx 20000 d 20000 10 x C '( x) 2 dx x x C ' (1000 ) 20000 1000 2 0 . 02 This means that if you raise production from 1,000 to 1,001 dictionaries, the price per book will fall approximately 2 cents. 51 H.Melikian 51 Example 2(continued) 3. Use the results from above to estimate the average cost per dictionary if 1,001 dictionaries are produced. H.Melikian 52 52 Example 2(continued) 3. Use the results from above to estimate the average cost per dictionary if 1,001 dictionaries are produced. Average cost for 1000 dictionaries = $30.00 Marginal average cost = - 0.02 The average cost per dictionary for 1001 dictionaries would be the average for 1000, plus the marginal average cost, or $30.00 + $(- 0.02) = $29.98 H.Melikian 53 53 Example 3 The price-demand equation and the cost function for the production of television sets are given by p ( x ) 300 x and C ( x ) 150 , 000 30 x 30 where x is the number of sets that can be sold at a price of $p per set, and C(x) is the total cost of producing x sets. 1. H.Melikian Find the marginal cost. 54 54 Example 3(continued) The price-demand equation and the cost function for the production of television sets are given by p ( x ) 300 x and C ( x ) 150 , 000 30 x 30 where x is the number of sets that can be sold at a price of $p per set, and C(x) is the total cost of producing x sets. 1. Find the marginal cost. Solution: The marginal cost is C’(x) = $30. H.Melikian 55 55 Example 3(continued) 2. Find the revenue function in terms of x. H.Melikian 56 56 Example 3(continued) 2. Find the revenue function in terms of x. The revenue function is R ( x ) x p ( x ) 300 x x 2 30 3. Find the marginal revenue. H.Melikian 57 57 Example 3(continued) 2. Find the revenue function in terms of x. The revenue function is R ( x ) x p ( x ) 300 x x 2 30 3. Find the marginal revenue. The marginal revenue is R ' ( x ) 300 x 15 4. Find R’(1500) and interpret the results. H.Melikian 58 58 Example 3(continued) 2. Find the revenue function in terms of x. The revenue function is R ( x ) x p ( x ) 300 x x 2 30 3. Find the marginal revenue. The marginal revenue is R ' ( x ) 300 x 15 4. Find R’(1500) and interpret the results. R ' (1500 ) 300 1500 $ 200 15 At a production rate of 1,500, each additional set increases revenue by approximately $200. H.Melikian 59 59 Example 3(continued) 5. Graph the cost function and the revenue function on the same coordinate. Find the break-even point. 0 < x < 9,000 0 < y < 700,000 H.Melikian 60 60 Example 3(continued) 5. Graph the cost function and the revenue function on the same coordinate. Find the break-even point. 0 < x < 9,000 R(x) 0 < y < 700,000 Solution: There are two break-even points. C(x) (600,168,000) H.Melikian (7500, 375,000) 61 61 Example 3(continued) 6. Find the profit function in terms of x. H.Melikian 62 62 Example 3(continued) 6. Find the profit function in terms of x. The profit is revenue minus cost, so 7. Find the marginal profit. H.Melikian P ( x) x 2 270 x 150000 30 63 63 Example 3(continued) 6. Find the profit function in terms of x. The profit is revenue minus cost, so P ( x ) x 2 270 x 150000 30 7. Find the marginal profit. P ' ( x ) 270 x 15 8. Find P’(1500) and interpret the results. H.Melikian 64 64 Example 3(continued) 6. Find the profit function in terms of x. The profit is revenue minus cost, so P ( x ) x 2 270 x 150000 30 7. Find the marginal profit. x P ' ( x ) 270 15 8. Find P’(1500) and interpret the results. P ' (1500 ) 270 1500 170 15 At a production level of 1500 sets, profit is increasing at a rate of about $170 per set. H.Melikian 65 65 QUIZZ Time H.Melikian 66 § 9.5 Derivates of Products and Quotients The student will learn about: the derivative of a product of two functions, and the derivative of a quotient of two functions. H.Melikian 67 Derivates of Products The derivative of the product of two functions is the first function times the derivative of the second function plus the second function times the derivative of the first function. Theorem 1 - Product Rule If f (x) = F (x) • S (x), Then f’(x) = F (x)’ • S (x) + F (x) • S’ (x), OR f’(x) = F H.Melikian dS dx + S dF dx 68 Example Find the derivative of y = 5x2(x3 + 2). If Product Rule f (x) = F (x) • S (x), Then f ’ (x) = F (x)’ • S (x) + F (x) • S’ (x). Let F (x) = 5x2 then F ‘ (x) = 10x Let S (x) = x3 + 2 then S ‘ (x) = 3x2, and f ‘ (x) = 5x2 • 3x2 + (x3 + 2) • 10x = 15x4 + 10x4 + 20x = 25x4 + 20x H.Melikian 69 Derivatives of Quotients The derivative of the quotient of two functions is the bottom function times the derivative of the top function minus the top function times the derivative of the bottom function, all over the bottom function squared. Theorem 2. Quotient Rule: If y = f (x) = T (x) / B (x), Then f '(x) B (x) T '(x) T (x) B '(x) [ B (x) ] H.Melikian 2 70 Derivatives of Quotients f '(x) B (x) T '(x) T (x) B '(x) [ B (x) ] 2 May also be expressed as dy dx H.Melikian B dT T dx dB dx B 2 71 Example 3x Find the derivative of y f '(x) 2x 5 . B (x) T '(x) T (x) B '(x) [ B (x) ] 2 Let T (x) = 3x and then T ‘ (x) = 3. Let B (x) = 2x + 5 and then B ‘ (x) = 2. f '(x ) H.Melikian (2x 5) 3 3x 2 (2x 5) 2 15 (2x 5) 2 72 Summary. Product Rule. If F (x) and S (x), then d dx F ( x ) S ( x ) F (x) • S‘(x) + S (x) • F‘(x). Quotient Rule. If T(x) and B(x), then d T (x) dx B ( x ) H.Melikian B dT T dx dB dx B 2 73 Practice Problems §9.5 1, 5, 9, 13, 17, 19, 23, 27, 31, 35, 39, 43, 47, 51, 55, 65, 69, 71. H.Melikian 74