Functions and Their Graphs The Cartesian Coordinate System and Straight lines Equations of Lines Functions and Their Graphs The Algebra of Functions Linear Functions Quadratic Functions Functions.
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2 Functions and Their Graphs The Cartesian Coordinate System and Straight lines Equations of Lines Functions and Their Graphs The Algebra of Functions Linear Functions Quadratic Functions Functions and Mathematical Models 2.1 The Cartesian Coordinate System and Straight lines y 6 5 4 x = 3 (2, 5) y = – 4 3 2 (5, 1) 1 x 1 2 3 4 5 6 L The Cartesian Coordinate System We can represent real numbers geometrically by points on a real number, or coordinate, line: –4 –3 –2 –1 0 1 2 3 4 The Cartesian Coordinate System The Cartesian coordinate system extends this concept to a plane (two dimensional space) by adding a vertical axis. 4 3 2 1 –4 –3 –2 –1 –1 –2 –3 –4 1 2 3 4 The Cartesian Coordinate System The horizontal line is called the x-axis, and the vertical line is called the y-axis. y 4 3 2 1 –4 –3 –2 –1 –1 –2 –3 –4 1 2 3 4 x The Cartesian Coordinate System The point where these two lines intersect is called the origin. y 4 3 2 1 –4 –3 –2 –1 –1 –2 –3 –4 Origin 1 2 3 4 x The Cartesian Coordinate System In the x-axis, positive numbers are to the right and negative numbers are to the left of the origin. y 4 3 2 Negative Direction –4 –3 –2 –1 1 –1 –2 –3 –4 Positive Direction 1 2 3 4 x The Cartesian Coordinate System In the y-axis, positive numbers are above and negative numbers are below the origin. 3 2 1 –4 –3 –2 –1 –1 –2 –3 –4 1 Negative Direction 4 Positive Direction y 2 3 4 x The Cartesian Coordinate System A point in the plane can now be represented uniquely in this coordinate system by an ordered pair of numbers (x, y). y (– 2, 4) 4 (4, 3) 3 2 1 –4 –3 –2 (–1, – 2) –1 –1 –2 –3 –4 1 2 3 4 (3, –1) x The Cartesian Coordinate System The axes divide the plane into four quadrants as shown below. y 4 Quadrant II (–, +) Quadrant I (+, +) 3 2 1 –4 –3 –2 Quadrant III (–, –) –1 –1 –2 –3 –4 1 2 3 4 Quadrant IV (+, –) x Slope of a Vertical Line Let L denote the unique straight line that passes through the two distinct points (x1, y1) and (x2, y2). If x1 = x2, then L is a vertical line, and the slope is undefined. y L (x1, y1) (x2, y2) x Slope of a Nonvertical Line If (x1, y1) and (x2, y2) are two distinct points on a nonvertical line L, then the slope m of L is given by m y y2 y1 x x2 x1 y L (x2, y2) y2 – y1 = y (x1, y1) x2 – x1 = x x Slope of a Nonvertical Line If m > 0, the line slants upward from left to right. y L m=1 y = 1 x = 1 x Slope of a Nonvertical Line If m > 0, the line slants upward from left to right. y L m=2 y = 2 x = 1 x Slope of a Nonvertical Line If m < 0, the line slants downward from left to right. y m = –1 x = 1 y = –1 x L Slope of a Nonvertical Line If m < 0, the line slants downward from left to right. y m = –2 x = 1 y = –2 x L Examples Sketch the straight line that passes through the point (2, 5) and has slope –4/3. Solution 1. Plot the point (2, 5). 2. A slope of –4/3 means that if x increases by 3, y decreases by 4. 3. Plot the resulting point (5, 1). 4. Draw a line through the two points. y 6 5 4 x = 3 (2, 5) y = –4 3 2 (5, 1) 1 x 1 2 3 4 5 6 L Examples Find the slope m of the line that goes through the points (–1, 1) and (5, 3). Solution Choose (x1, y1) to be (–1, 1) and (x2, y2) to be (5, 3). With x1 = –1, y1 = 1, x2 = 5, y2 = 3, we find y2 y1 3 1 2 1 m x2 x1 5 ( 1) 6 3 Examples Find the slope m of the line that goes through the points (–2, 5) and (3, 5). Solution Choose (x1, y1) to be (–2, 5) and (x2, y2) to be (3, 5). With x1 = –2, y1 = 5, x2 = 3, y2 = 5, we find y2 y1 55 0 m 0 x2 x1 3 ( 2) 5 Examples Find the slope m of the line that goes through the points (–2, 5) and (3, 5). Solution The slope of a horizontal line is zero: y 6 (–2, 5) (3, 5) L 4 m=0 3 2 1 –2 –1 x 1 2 3 4 Parallel Lines Two distinct lines are parallel if and only if their slopes are equal or their slopes are undefined. Example Let L1 be a line that passes through the points (–2, 9) and (1, 3), and let L2 be the line that passes through the points (– 4, 10) and (3, – 4). Determine whether L1 and L2 are parallel. Solution The slope m1 of L1 is given by 3 9 m1 2 1 ( 2) The slope m2 of L2 is given by 4 10 m2 2 3 ( 4) Since m1 = m2, the lines L1 and L2 are in fact parallel. 2.2 Equations of Lines y L 1 (4, 0) x –1 1 –2 –3 –4 (0, – 3) 2 3 4 5 6 Equations of Lines Let L be a straight line parallel to the y-axis. Then L crosses the x-axis at some point (a, 0) , with the x-coordinate given by x = a, where a is a real number. Any other point on L has the form (a, y ), where y is an appropriate number. The vertical line L can therefore be described as x=a y L (a, y ) (a, 0) x Equations of Lines Let L be a nonvertical line with a slope m. Let (x1, y1) be a fixed point lying on L, and let (x, y) be a variable point on L distinct from (x1, y1). Using the slope formula by letting (x, y) = (x2, y2), we get y y1 m x x1 Multiplying both sides by x – x1 we get y y1 m( x x1 ) Point-Slope Form An equation of the line that has slope m and passes through point (x1, y1) is given by y y1 m( x x1 ) Examples Find an equation of the line that passes through the point (1, 3) and has slope 2. Solution Use the point-slope form y y1 m( x x1 ) Substituting for point (1, 3) and slope m = 2, we obtain y 3 2( x 1) Simplifying we get 2x y 1 0 Examples Find an equation of the line that passes through the points (–3, 2) and (4, –1). Solution The slope is given by y y 1 2 3 m 2 1 x2 x1 4 (3) 7 Substituting in the point-slope form for point (4, –1) and slope m = – 3/7, we obtain 3 y 1 ( x 4) 7 7 y 7 3x 12 3x 7 y 5 0 Perpendicular Lines If L1 and L2 are two distinct nonvertical lines that have slopes m1 and m2, respectively, then L1 is perpendicular to L2 (written L1 ┴ L2) if and only if 1 m1 m2 Example Find the equation of the line L1 that passes through the point (3, 1) and is perpendicular to the line L2 described by y 3 2( x 1) Solution L2 is described in point-slope form, so its slope is m2 = 2. Since the lines are perpendicular, the slope of L1 must be m1 = –1/2 Using the point-slope form of the equation for L1 we obtain 1 y 1 ( x 3) 2 2 y 2 x 3 x 2y 5 0 Crossing the Axis A straight line L that is neither horizontal nor vertical cuts the x-axis and the y-axis at, say, points (a, 0) and (0, b), respectively. The numbers a and b are called the x-intercept and y-intercept, respectively, of L. y y-intercept (0, b) x-intercept (a, 0) x L Slope-Intercept Form An equation of the line that has slope m and intersects the y-axis at the point (0, b) is given by y = mx + b Examples Find the equation of the line that has slope 3 and y-intercept of –4. Solution We substitute m = 3 and b = –4 into y = mx + b and get y = 3x – 4 Examples Determine the slope and y-intercept of the line whose equation is 3x – 4y = 8. Solution Rewrite the given equation in the slope-intercept form. 3x 4 y 8 4 y 8 3 x y 3 x2 4 Comparing to y = mx + b, we find that m = ¾ and b = – 2. So, the slope is ¾ and the y-intercept is – 2. Applied Example Suppose an art object purchased for $50,000 is expected to appreciate in value at a constant rate of $5000 per year for the next 5 years. Write an equation predicting the value of the art object for any given year. What will be its value 3 years after the purchase? Solution Let x = time (in years) since the object was purchased y = value of object (in dollars) Then, y = 50,000 when x = 0, so the y-intercept is b = 50,000. Every year the value rises by 5000, so the slope is m = 5000. Thus, the equation must be y = 5000x + 50,000. After 3 years the value of the object will be $65,000: y = 5000(3) + 50,000 = 65,000 General Form of a Linear Equation The equation Ax + By + C = 0 where A, B, and C are constants and A and B are not both zero, is called the general form of a linear equation in the variables x and y. General Form of a Linear Equation An equation of a straight line is a linear equation; conversely, every linear equation represents a straight line. Example Sketch the straight line represented by the equation 3x – 4y – 12 = 0 Solution Since every straight line is uniquely determined by two distinct points, we need find only two such points through which the line passes in order to sketch it. For convenience, let’s compute the x- and y-intercepts: ✦ Setting y = 0, we find x = 4; so the x-intercept is 4. ✦ Setting x = 0, we find y = –3; so the y-intercept is –3. Thus, the line goes through the points (4, 0) and (0, –3). Example Sketch the straight line represented by the equation 3x – 4y – 12 = 0 Solution Graph the line going through the points (4, 0) and (0, –3). y L 1 (4, 0) x –1 1 –2 –3 –4 (0, – 3) 2 3 4 5 6 Equations of Straight Lines Vertical line: Horizontal line: Point-slope form: Slope-intercept form: General Form: x=a y=b y – y1 = m(x – x1) y = mx + b Ax + By + C = 0 2.3 Functions and Their Graphs y f x x 3 f x x 2 1 –3 –2 –1 1 2 3 x Functions A function f is a rule that assigns to each element in a set A one and only one element in a set B. The set A is called the domain of the function. It is customary to denote a function by a letter of the alphabet, such as the letter f. If x is an element in the domain of a function f, then the element in B that f associates with x is written f(x) (read “f of x”) and is called the value of f at x. The set B comprising all the values assumed by y = f(x) as x takes on all possible values in its domain is called the range of the function f. Example Let the function f be defined by the rule f x 2 x2 x 1 Find: f(1) Solution: f 1 2 1 1 1 2 1 1 2 2 Example Let the function f be defined by the rule f x 2 x2 x 1 Find: f( – 2) Solution: f 2 2 2 2 1 8 2 1 11 2 Example Let the function f be defined by the rule f x 2 x2 x 1 Find: f(a) Solution: f a 2 a a 1 2a 2 a 1 2 Example Let the function f be defined by the rule f x 2 x2 x 1 Find: f(a + h) Solution: f a h 2 a h a h 1 2a 2 4ah 2h 2 a h 1 2 Applied Example ThermoMaster manufactures an indoor-outdoor thermometer at its Mexican subsidiary. Management estimates that the profit (in dollars) realizable by ThermoMaster in the manufacture and sale of x thermometers per week is P x 0.001x2 8x 5000 Find ThermoMaster’s weekly profit if its level of production is: a. 1000 thermometers per week. b. 2000 thermometers per week. Applied Example Solution We have P x 0.001x2 8x 5000 a. The weekly profit by producing 1000 thermometers is P 1000 0.0011000 8 1000 5000 2000= 2 or $2,000. b. The weekly profit by producing 2000 thermometers is P 2000 0.001 2000 8 2000 5000 7000 = 2 or $7,000. Determining the Domain of a Function Suppose we are given the function y = f(x). Then, the variable x is called the independent variable. The variable y, whose value depends on x, is called the dependent variable. To determine the domain of a function, we need to find what restrictions, if any, are to be placed on the independent variable x. In many practical problems, the domain of a function is dictated by the nature of the problem. Applied Example: Packaging An open box is to be made from a rectangular piece of cardboard 16 inches wide by cutting away identical squares (x inches by x inches) from each corner and folding up the resulting flaps. x 10 10 – 2x x x 16 – 2x 16 x Applied Example: Packaging An open box is to be made from a rectangular piece of cardboard 16 inches wide by cutting away identical squares (x inches by x inches) from each corner and folding up the resulting flaps. The dimensions of the resulting box are: x 10 – 2x 16 – 2x a. Find the expression that gives the volume V of the box as a function of x. b. What is the domain of the function? Applied Example: Packaging Solution a. The volume of the box is given by multiplying its dimensions (length ☓ width ☓ height), so: V f x 16 2 x 10 2 x x 160 52 x 4 x 2 x 4 x 3 52 x 2 160 x x 10 – 2x 16 – 2x Applied Example: Packaging Solution b. Since the length of each side of the box must be greater than or equal to zero, we see that 16 2 x 0 10 2 x 0 x0 must be satisfied simultaneously. Simplified: x8 x5 x 0= All three are satisfied simultaneously provided that: 0 x5 Thus, the domain of the function f is the interval [0, 5]. More Examples Find the domain of the function: f x x 1 Solution Since the square root of a negative number is undefined, it is necessary that x – 1 0. Thus the domain of the function is [1,). More Examples Find the domain of the function: 1 f x 2 x 4 Solution Our only constraint is that you cannot divide by zero, so x2 4 0 Which means that x2 4 x 2 x 2 0 Or more specifically x ≠ –2 and x ≠ 2. Thus the domain of f consists of the intervals (– , –2), (–2, 2), (2, ). More Examples Find the domain of the function: f x x2 3 Solution Here, any real number satisfies the equation, so the domain of f is the set of all real numbers. Graphs of Functions If f is a function with domain A, then corresponding to each real number x in A there is precisely one real number f(x). Thus, a function f with domain A can also be defined as the set of all ordered pairs (x, f(x)) where x belongs to A. The graph of a function f is the set of all points (x, y) in the xy-plane such that x is in the domain of f and y = f(x). Example The graph of a function f is shown below: y y (x, y) Range x Domain x Example The graph of a function f is shown below: ✦ What is the value of f(2)? y 4 3 2 1 1 2 3 –1 –2 (2, –2) 4 5 6 7 8 x Example The graph of a function f is shown below: ✦ What is the value of f(5)? y 4 3 (5, 3) 2 1 1 –1 –2 2 3 4 5 6 7 8 x Example The graph of a function f is shown below: ✦ What is the domain of f(x)? y 4 3 2 1 1 2 3 4 5 6 –1 –2 Domain: [1,8] 7 8 x Example The graph of a function f is shown below: ✦ What is the range of f(x)? y 4 3 2 Range: [–2,4] 1 1 –1 –2 2 3 4 5 6 7 8 x Example: Sketching a Graph Sketch the graph of the function defined by the equation y = x2 + 1 Solution The domain of the function is the set of all real numbers. Assign several values to the variable x and compute the corresponding values for y: x –3 –2 –1 0 1 2 3 y 10 5 2 1 2 5 10 Example: Sketching a Graph Sketch the graph of the function defined by the equation y = x2 + 1 Solution The domain of the function is the set of all real numbers. Then plot these values in a graph: y x –3 –2 –1 0 1 2 3 y 10 5 2 1 2 5 10 10 8 6 4 2 –3 –2 –1 1 2 3 x Example: Sketching a Graph Sketch the graph of the function defined by the equation y = x2 + 1 Solution The domain of the function is the set of all real numbers. And finally, connect the dots: y x –3 –2 –1 0 1 2 3 y 10 5 2 1 2 5 10 10 8 6 4 2 –3 –2 –1 1 2 3 x Example: Sketching a Graph Sketch the graph of the function defined by the equation x f x x if x 0 if x 0 Solution The function f is defined in a piecewise fashion on the set of all real numbers. In the subdomain (–, 0), the rule for f is given by f x x In the subdomain [0, ), the rule for f is given by f x x Example: Sketching a Graph Sketch the graph of the function defined by the equation x f x x if x 0 if x 0 Solution Substituting negative values for x into f x x, while substituting zero and positive values into f x x we get: x –3 –2 –1 0 1 2 3 y 3 2 1 0 1 1.41 1.73 Example: Sketching a Graph Sketch the graph of the function defined by the equation x f x x if x 0 if x 0 Solution Plotting these data and graphing we get: x –3 –2 –1 0 1 2 3 y 3 2 1 0 1 1.41 1.73 y f x x 3 f x x 2 1 –3 –2 –1 1 2 3 x The Vertical Line Test A curve in the xy-plane is the graph of a function y = f(x) if and only if each vertical line intersects it in at most one point. Examples Determine if the curve in the graph is a function of x: y x Solution The curve is indeed a function of x, because there is one and only one value of y for any given value of x. Examples Determine if the curve in the graph is a function of x: y x Solution The curve is not a function of x, because there is more than one value of y for some values of x. Examples Determine if the curve in the graph is a function of x: y x Solution The curve is indeed a function of x, because there is one and only one value of y for any given value of x. 2.4 The Algebra of Functions y Billions of Dollars 2000 y = R(t) 1800 y = S(t) 1600 S(t) 1400 R(t) 1200 1000 1990 1992 1994 t 1996 Year 1998 2000 t The Sum, Difference, Product and Quotient of Functions Consider the graph below: ✦ R(t) denotes the federal government revenue at any time t. ✦ S(t) denotes the federal government spending at any time t. y Billions of Dollars 2000 y = R(t) 1800 y = S(t) 1600 S(t) 1400 R(t) 1200 1000 1990 1992 1994 t Year 1996 1998 2000 t The Sum, Difference, Product and Quotient of Functions Consider the graph below: ✦ The difference R(t) – S(t) gives the budget deficit (if negative) or surplus (if positive) in billions of dollars at any time t. y Billions of Dollars 2000 y = R(t) 1800 y = S(t) 1600 S(t) D(t) = R(t) – S(t) 1400 R(t) 1200 1000 1990 1992 1994 t Year 1996 1998 2000 t The Sum, Difference, Product and Quotient of Functions The budget balance D(t) is shown below: ✦ D(t) is also a function that denotes the federal government deficit (surplus) at any time t. ✦ This function is the difference of the two functions R and S. ✦ D(t) has the same domain as R(t) and S(t). y Billions of Dollars 400 200 0 D(t) –200 –400 y = D(t) 1992 1994 t 1996 Year 1998 2000 t The Sum, Difference, Product and Quotient of Functions Most functions are built up from other, generally simpler functions. For example, we may view the function f(x) = 2x + 4 as the sum of the two functions g(x) = 2x and h(x) = 4. The Sum, Difference, Product and Quotient of Functions Let f and g be functions with domains A and B, respectively. The sum f + g, the difference f – g, and the product fg of f and g are functions with domain A ∩ B and rule given by (f + g)(x) = f(x) + g(x) Sum (f – g)(x) = f(x) – g(x) (fg)(x) = f(x)g(x) Difference Product The quotient f/g of f and g has domain A ∩ B excluding all numbers x such that g(x) = 0 and rule given by f f ( x) g x g ( x) Quotient Example Let f ( x) x 1 and g(x) = 2x + 1. Find the sum s, the difference d, the product p, and the quotient q of the functions f and g. Solution Since the domain of f is A = [–1,) and the domain of g is B = (– , ), we see that the domain of s, d, and p is A ∩ B = [–1,). The rules are as follows: s( x ) ( f g )( x ) f ( x ) g ( x ) x 1 2 x 1 d ( x ) ( f g )( x ) f ( x ) g ( x ) x 1 2 x 1 p( x ) ( fg )( x ) f ( x ) g ( x ) 2 x 1 x 1 Example Let f ( x) x 1 and g(x) = 2x + 1. Find the sum s, the difference d, the product p, and the quotient q of the functions f and g. Solution The domain of the quotient function is [–1,) together with the restriction x ≠ – ½. Thus, the domain is [–1, – ½) U (– ½,). The rule is as follows: f f ( x) x 1 q( x) ( x) g ( x) 2 x 1 g Applied Example: Cost Functions Suppose Puritron, a manufacturer of water filters, has a monthly fixed cost of $10,000 and a variable cost of – 0.0001x2 + 10x (0 x 40,000) dollars, where x denotes the number of filters manufactured per month. Find a function C that gives the total monthly cost incurred by Puritron in the manufacture of x filters. Applied Example: Cost Functions Solution Puritron’s monthly fixed cost is always $10,000, so it can be described by the constant function: F(x) = 10,000 The variable cost can be described by the function: V(x) = – 0.0001x2 + 10x The total cost is the sum of the fixed cost F and the variable cost V: C(x) = V(x) + F(x) = – 0.0001x2 + 10x + 10,000 (0 x 40,000) Applied Example: Cost Functions Let’s now consider profits Suppose that the total revenue R realized by Puritron from the sale of x water filters is given by R(x) = – 0.0005x2 + 20x (0 ≤ x ≤ 40,000) Find a. The total profit function for Puritron. b. The total profit when Puritron produces 10,000 filters per month. Applied Example: Cost Functions Solution a. The total profit P realized by the firm is the difference between the total revenue R and the total cost C: P(x) = R(x) – C(x) = (– 0.0005x2 + 20x) – (– 0.0001x2 + 10x + 10,000) = – 0.0004x2 + 10x – 10,000 b. The total profit realized by Puritron when producing 10,000 filters per month is P(x) = – 0.0004(10,000)2 + 10(10,000) – 10,000 = 50,000 or $50,000 per month. The Composition of Two Functions Another way to build a function from other functions is through a process known as the composition of functions. Consider the functions f and g: f ( x) x 2 1 g ( x) x Evaluating the function g at the point f(x), we find that: g f ( x) f ( x) x 2 1 This is an entirely new function, which we could call h: h( x ) x 2 1 The Composition of Two Functions Let f and g be functions. Then the composition of g and f is the function ggf (read “g circle f ”) defined by (ggf )(x) = g(f(x)) The domain of ggf is the set of all x in the domain of f such that f(x) lies in the domain of g. Example f ( x) x2 1 and g( x) x 1. Find: Let a. The rule for the composite function ggf. b. The rule for the composite function fgg. Solution To find ggf, evaluate the function g at f(x): ( g f )( x ) g ( f ( x )) f ( x) 1 x 2 1 1 To find fgg, evaluate the function f at g(x): ( f g )( x ) f ( g ( x )) ( g ( x ))2 1 ( x 1) 2 1 x 2 x 11 x 2 x Applied Example: Automobile Pollution An environmental impact study conducted for the city of Oxnard indicates that, under existing environmental protection laws, the level of carbon monoxide (CO) present in the air due to pollution from automobile exhaust will be 0.01x2/3 parts per million when the number of motor vehicles is x thousand. A separate study conducted by a state government agency estimates that t years from now the number of motor vehicles in Oxnard will be 0.2t2 + 4t + 64 thousand. Find: a. An expression for the concentration of CO in the air due to automobile exhaust t years from now. b. The level of concentration 5 years from now. Applied Example: Automobile Pollution Solution Part (a): ✦ The level of CO is described by the function g(x) = 0.01x2/3 where x is the number (in thousands) of motor vehicles. ✦ In turn, the number (in thousands) of motor vehicles is described by the function f(t) = 0.2t2 + 4t + 64 where t is the number of years from now. ✦ Therefore, the concentration of CO due to automobile exhaust t years from now is given by (ggf )(t) = g(f(t)) = 0.01(0.2t2 + 4t + 64)2/3 Applied Example: Automobile Pollution Solution Part (b): ✦ The level of CO five years from now is: (ggf )(5) = g(f(5)) = 0.01[0.2(5)2 + 4(5) + 64]2/3 = (0.01)892/3 ≈ 0.20 or approximately 0.20 parts per million. 2.5 Linear Functions y 5 L1 4 3 2 (1, 2) 1 –1 1 2 L2 3 4 5 x Linear Function The function f defined by f ( x ) mx b where m and b are constants, is called a linear function. Applied Example: Linear Depreciation A Web server has an original value of $10,000 and is to be depreciated linearly over 5 years with a $3000 scrap value. Find an expression giving the book value at the end of year t. What will be the book value of the server at the end of the second year? What is the rate of depreciation of the server? Applied Example: Linear Depreciation Solution Let V(t) denote the Web server’s book value at the end of the tth year. V is a linear function of t. To find an equation of the straight line that represents the depreciation, observe that V = 10,000 when t = 0; this tells us that the line passes through the point (0, 10,000). Similarly, the condition that V = 3000 when t = 5 says that the line also passes through the point (5, 3000). Thus, the slope of the line is given by 10,000 3000 7000 m 1400 05 5 Applied Example: Linear Depreciation Solution Using the point-slope form of the equation of a line with point (0, 10,000) and slope m = –1400, we obtain the required expression V 10,000 1400(t 0) V 1400t 10,000 The book value at the end of the second year is given by V (2) 1400(2) 10,000 7200 or $7200. The rate of depreciation of the server is given by the negative slope of the depreciation line m = –1400, so the rate of depreciation is $1400 per year. Applied Example: Linear Depreciation Solution The graph of V is: V 10,000 (0, 10,000) (5, 3000) 3000 V 1400t 10,000 t 1 2 3 4 5 6 Cost, Revenue, and Profit Functions Let x denote the number of units of a product manufactured or sold. Then, the total cost function is C(x) = Total cost of manufacturing x units of the product The revenue function is R(x) = Total revenue realized from the sale of x units of the product The profit function is P(x) = Total profit realized from manufacturing and selling x units of the product Applied Example: Profit Function Puritron, a manufacturer of water filters, has a monthly fixed cost of $20,000, a production cost of $20 per unit, and a selling price of $30 per unit. Find the cost function, the revenue function, and the profit function for Puritron. Solution Let x denote the number of units produced and sold. Then, C ( x) 20 x 20,000 R( x) 30 x P( x ) R( x ) C ( x ) 30 x (20 x 20,000) 10 x 20,000 Finding the Point of Intersection Suppose we are given two straight lines L1 and L2 with equations y = m1x + b1 and y = m2x + b2 (where m1, b1, m2, and b2 are constants) that intersect at the point P(x0, y0). The point P(x0, y0) lies on the line L1 and so satisfies the equation y = m1x + b1. The point P(x0, y0) also lies on the line L2 and so satisfies y = m2x + b2 as well. Therefore, to find the point of intersection P(x0, y0) of the lines L1 and L2, we solve for x and y the system composed of the two equations y = m1x + b1 and y = m2x + b2 Example Find the point of intersection of the straight lines that have equations y=x+1 and y = – 2x + 4 Solution Substituting the value y as given in the first equation into the second equation, we obtain x 1 2 x 4 3x 3 x 1 Substituting this value of x into either one of the given equations yields y = 2. Therefore, the required point of intersection is (1, 2). Example Find the point of intersection of the straight lines that have equations y=x+1 y = – 2x + 4 and Solution The graph shows the point of intersection (1, 2) of the two lines: y 5 L1 4 3 2 (1, 2) 1 –1 1 2 L2 3 4 5 x Applied Example: Break-Even Level Prescott manufactures its products at a cost of $4 per unit and sells them for $10 per unit. If the firm’s fixed cost is $12,000 per month, determine the firm’s break-even point. Solution The revenue function R and the cost function C are given respectively by R( x) 10 x and C ( x) 4 x 12,000. Setting R(x) = C(x), we obtain 10 x 4 x 12,000 6 x 12,000 x 2000 Applied Example: Break-Even Level Prescott manufactures its products at a cost of $4 per unit and sells them for $10 per unit. If the firm’s fixed cost is $12,000 per month, determine the firm’s break-even point. Solution Substituting x = 2000 into R(x) = 10x gives R(2000) 10(2000) 20,000 So, Prescott’s break-even point is 2000 units of the product, resulting in a break-even revenue of $20,000 per month. 2.6 Quadratic Functions y 5 9 Vertex , 4 8 1 x-intercepts –1 11 22 1 x f ( x) 2 x 2 5x 2 –1 –2 2 y-intercept Quadratic Functions A quadratic function is one of the form f ( x) ax 2 bx c where a, b, and c are constants and a ≠ 0. For example, the function f ( x) 2 x 2 4 x 3 is quadratic, with a = 2, b = – 4, and c = 3. Quadratic Functions Below is the graph of the quadratic function f ( x) 2 x 2 4 x 3 The graph of a quadratic function is a curve called a parabola that opens upward or downward. y f ( x) 2 x 2 4 x 3 10 8 6 Parabola 4 2 –2 –1 1 2 3 4 x Quadratic Functions The parabola is symmetric with respect to a vertical line called the axis of symmetry. The axis of symmetry also passes through the lowest or highest point of the parabola, which is called the vertex of the parabola. Axis of symmetry y f ( x) 2 x 2 4 x 3 10 8 6 Parabola 4 2 Vertex (1, 1) –2 –1 1 2 3 4 x Quadratic Functions We can use these properties to help us sketch the graph of a quadratic function. Suppose we want to sketch the graph of f ( x) 3x 2 6 x 1 If we complete the square in x, we obtain f ( x ) 3( x 2 2 x ) 1 3[ x 2 2 x ( 1) 2 ] 1 3 3( x 1) 2 2 Note that (x – 1)2 is nonnegative: it equals to zero when x = 1 and is greater than zero if x ≠ 1. Thus, we see that f(x) – 2 for all values of x. This tells us the vertex of the parabola is the point (1, – 2). Quadratic Functions We know the vertex of the parabola is the point (1, – 2) and that it is the minimum point of the graph, since f(x) – 2 for all values of x. Thus, the graph of f(x) = 3x2 – 6x +1 looks as follows: y f ( x) 3x 2 6 x 1 4 2 –2 –2 2 4 Vertex (1, –2) x Properties of Quadratic Functions Given f(x) = ax2 + bx +c (a ≠ 0) 1. The domain of f is the set of all real numbers. 2. If a > 0, the parabola opens upward, and if a < 0, it opens downward. b b 3. The vertex of the parabola is , f . 2a 2a b 4. The axis of symmetry of the parabola is x . 2a 5. The x-intercepts (if any) are found by solving f(x) = 0. The y-intercept is f(0) = c. Example Given the quadratic function f(x) = – 2x2 + 5x – 2 a. Find the vertex of the parabola. b. Find the x-intercepts (if any) of the parabola. c. Sketch the parabola. Solution a. Here a = – 2, b = 5, and c = – 2. therefore, the x-coordinate of the vertex of the parabola is b 5 5 2a 2( 2) 4 The y-coordinate of the vertex is therefore given by 2 9 5 5 5 f 2 5 2 8 4 4 4 5 9 Thus, the vertex of the parabola is the point , . 4 8 Example Given the quadratic function f(x) = – 2x2 + 5x – 2 a. Find the vertex of the parabola. b. Find the x-intercepts (if any) of the parabola. c. Sketch the parabola. Solution b. For the x-intercepts of the parabola, we solve the equation 2 x 2 5x 2 0 using the quadratic formula with a = – 2, b = 5, and c = – 2. We find b b2 4ac 5 25 4(2)( 2) 5 3 x 2a 2( 2) 4 Thus, the x-intercepts of the parabola are 1/2 and 2. Example Given the quadratic function f(x) = – 2x2 + 5x – 2 a. Find the vertex of the parabola. b. Find the x-intercepts (if any) of the parabola. c. Sketch the parabola. Solution y c. The sketch: 5 9 Vertex , 4 8 1 x-intercepts –1 1 2 1 –1 –2 2 x f ( x) 2 x 2 5x 2 y-intercept Some Economic Models People’s decision on how much to demand or purchase of a given product depends on the price of the product: ✦ The higher the price the less they want to buy of it. ✦ A demand function p = d(x) can be used to describe this. Some Economic Models Similarly, firms’ decision on how much to supply or produce of a product depends on the price of the product: ✦ The higher the price, the more they want to produce of it. ✦ A supply function p = s(x) can be used to describe this. Some Economic Models The interaction between demand and supply will ensure the market settles to a market equilibrium: ✦ This is the situation at which quantity demanded equals quantity supplied. ✦ Graphically, this situation occurs when the demand curve and the supply curve intersect: where d(x) = s(x). Applied Example: Supply and Demand The demand function for a certain brand of bluetooth wireless headset is given by p d ( x) 0.025x2 0.5x 60 The corresponding supply function is given by p s( x) 0.02 x 2 0.6x 20 where p is the expressed in dollars and x is measured in units of a thousand. Find the equilibrium quantity and price. Applied Example: Supply and Demand Solution We solve the following system of equations: p 0.025x 2 0.5x 60 p 0.02 x 2 0.6 x 20 Substituting the second equation into the first yields: 0.02 x 2 0.6 x 20 0.025x 2 0.5x 60 0.045 x 2 1.1x 40 0 45 x 2 1100 x 40,000 0 9 x 2 220 x 8,000 0 9 x 400 x 20 0 Thus, either x = –400/9 (but this is not possible), or x = 20. So, the equilibrium quantity must be 20,000 headsets. Applied Example: Supply and Demand Solution The equilibrium price is given by: p 0.02 20 0.6 20 20 40 2 or $40 per headset. 2.7 Functions and Mathematical Models y ($trillion) 6 4 2 5 10 15 20 25 30 t (years) Mathematical Models As we have seen, mathematics can be used to solve real-world problems. We will now discuss a few more examples of real-world phenomena, such as: ✦ The solvency of the U.S. Social Security trust fund ✦ Global warming Mathematical Modeling Regardless of the field from which the real-world problem is drawn, the problem is analyzed using a process called mathematical modeling. The four steps in this process are: Real-world problem Formulate Solve Test Solution of realworld problem Mathematical model Interpret Solution of mathematical model Modeling With Polynomial Functions A polynomial function of degree n is a function of the form f ( x) an xn an1xn1 a2 x2 a1x a0 (an 0) where n is a nonnegative integer and the numbers a0, a1, …. an are constants called the coefficients of the polynomial function. Examples: ✦ The function below is polynomial function of degree 5: f ( x) 2x5 3x4 12 x3 2x2 6 Modeling With Polynomial Functions A polynomial function of degree n is a function of the form f ( x) an xn an1xn1 a2 x2 a1x a0 (an 0) where n is a nonnegative integer and the numbers a0, a1, …. an are constants called the coefficients of the polynomial function. Examples: ✦ The function below is polynomial function of degree 3: g ( x) 0.001x3 0.2 x 2 10x 200 Applied Example: Global Warming The increase in carbon dioxide (CO2) in the atmosphere is a major cause of global warming. Below is a table showing the average amount of CO2, measured in parts per million volume (ppmv) for various years from 1958 through 2007: Year 1958 1970 1974 1978 1985 1991 1998 2003 2007 Amount 315 325 330 335 345 355 365 375 380 Applied Example: Global Warming Year 1958 1970 1974 1978 1985 1991 1998 2003 2007 Amount 315 325 330 335 345 355 365 375 380 Below is a scatter plot associated with these data: 380 y (ppmv) 360 340 320 10 20 30 40 50 t (years) Applied Example: Global Warming Year 1958 1970 1974 1978 1985 1991 1998 2003 2007 Amount 315 325 330 335 345 355 365 375 380 A mathematical model giving the approximate amount of CO2 is given by: 380 y (ppmv) A(t ) 0.01076t 2 0.8212t 313.4 360 340 320 10 20 30 40 50 t (years) Applied Example: Global Warming Year 1958 1970 1974 1978 1985 1991 1998 2003 2007 Amount 315 325 330 335 345 355 A(t ) 0.010716t 2 0.8212t 313.4 365 375 380 (1 t 50) a. Use the model to estimate the average amount of atmospheric CO2 in 1980 (t = 23). b. Assume that the trend continued and use the model to predict the average amount of atmospheric CO2 in 2010. Applied Example: Global Warming Year 1958 1970 1974 1978 1985 1991 1998 2003 2007 Amount 315 325 330 335 345 355 A(t ) 0.010716t 2 0.8212t 313.4 365 375 380 (1 t 50) Solution a. The average amount of atmospheric CO2 in 1980 is given by A(23) 0.010716 23 0.8212 23 313.4 337.96 2 or approximately 338 ppmv. b. Assuming that the trend will continue, the average amount of atmospheric CO2 in 2010 will be A(53) 0.010716 53 0.8212 53 313.4 387.03 2 Applied Example: Social Security Trust Fund The projected assets of the Social Security trust fund (in trillions of dollars) from 2008 through 2040 are given by: Year 2008 2011 2014 2017 2020 2023 2026 2029 2032 2035 2038 2040 Assets 2.4 3.2 4.0 4.7 5.3 5.7 5.9 5.6 4.9 3.6 1.7 0 The scatter plot associated with these data is: y ($trillion) 6 4 2 5 10 15 20 25 30 t (years) Applied Example: Social Security Trust Fund The projected assets of the Social Security trust fund (in trillions of dollars) from 2008 through 2040 are given by: Year 2008 2011 2014 2017 2020 2023 2026 2029 2032 2035 2038 2040 Assets 2.4 3.2 4.0 4.7 5.3 5.7 5.9 5.6 4.9 3.6 1.7 0 A mathematical model giving the approximate value of assets in the trust fund (in trillions of dollars) is: y ($trillion) A(t ) 0.00000324t 4 0.000326t 3 0.00342t 2 0.254t 2.4 6 4 2 5 10 15 20 25 30 t (years) Applied Example: Social Security Trust Fund Year Assets 2008 2011 2014 2017 2020 2023 2026 2029 2032 2035 2038 2040 2.4 3.2 4.0 4.7 5.3 5.7 5.9 5.6 4.9 3.6 1.7 0 A(t ) 0.00000324t 4 0.000326t 3 0.00342t 2 0.254t 2.4 a. The first baby boomers will turn 65 in 2011. What will be the assets of the Social Security trust fund at that time? b. The last of the baby boomers will turn 65 in 2029. What will the assets of the trust fund be at the time? c. Use the graph of function A(t) to estimate the year in which the current Social Security system will go broke. Applied Example: Social Security Trust Fund Year Assets 2008 2011 2014 2017 2020 2023 2026 2029 2032 2035 2038 2040 2.4 3.2 4.0 4.7 5.3 5.7 5.9 5.6 4.9 3.6 1.7 0 A(t ) 0.00000324t 4 0.000326t 3 0.00342t 2 0.254t 2.4 Solution a. The assets of the Social Security fund in 2011 (t = 3) will be: A(3) 0.00000324 3 0.000326 3 0.00342 3 0.254 3 2.4 3.18 4 3 2 or approximately $3.18 trillion. The assets of the Social Security fund in 2029 (t = 21) will be: A(21) 0.00000324 21 0.000326 21 0.00342 21 0.254 21 2.4 5.59 4 3 or approximately $5.59 trillion. 2 Applied Example: Social Security Trust Fund Year 2008 2011 2014 2017 2020 2023 2026 2029 2032 2035 2038 2040 Assets 2.4 3.2 4.0 4.7 5.3 5.7 5.9 5.6 4.9 3.6 1.7 0 A(t ) 0.00000324t 4 0.000326t 3 0.00342t 2 0.254t 2.4 Solution b. The graph shows that function A crosses the t-axis at about t = 32, suggesting the system will go broke by 2040: y ($trillion) 6 4 Trust runs out of funds 2 5 10 15 20 25 30 t (years) Rational and Power Functions A rational function is simply the quotient of two polynomials. In general, a rational function has the form f ( x) R( x) g ( x) where f(x) and g(x) are polynomial functions. Since the division by zero is not allowed, we conclude that the domain of a rational function is the set of all real numbers except the zeros of g (the roots of the equation g(x) = 0) Rational and Power Functions Examples of rational functions: 3x 3 x 2 x 1 F ( x) x2 x2 1 G( x) 2 x 1 Rational and Power Functions Functions of the form f ( x) xr where r is any real number, are called power functions. We encountered examples of power functions earlier in our work. Examples of power functions: f ( x) x x 1/2 and 1 g ( x ) 2 x 2 x Rational and Power Functions Many functions involve combinations of rational and power functions. Examples: 1 x2 f ( x) 1 x2 g ( x ) x 2 3x 4 h( x ) (1 2 x ) 1/2 1 2 ( x 2)3/2 Applied Example: Driving Costs A study of driving costs based on a 2007 medium-sized sedan found the following average costs (car payments, gas, insurance, upkeep, and depreciation), measured in cents per mile: Miles/year, x 5000 10,000 15,000 20,000 Cost/mile, y (¢) 83.8 62.9 52.2 47.1 A mathematical model giving the average cost in cents per mile is: C ( x) 164.8 x 0.42 where x (in thousands) denotes the number of miles the car is driven in 1 year. Applied Example: Driving Costs Miles/year, x 5000 10,000 15,000 20,000 Cost/mile, y (¢) 83.8 62.9 52.2 47.1 164.8 C ( x ) 0.42 x Below is the scatter plot associated with this data: y (¢) 140 120 100 80 60 40 20 C(x) 5 10 15 20 25 x (☓1000 miles/year) Applied Example: Driving Costs Miles/year, x 5000 10,000 15,000 20,000 Cost/mile, y (¢) 83.8 62.9 52.2 47.1 164.8 C ( x ) 0.42 x Using this model, estimate the average cost of driving a 2007 medium-sized sedan 8,000 miles per year and 18,000 miles per year. Solution The average cost for driving a car 8,000 miles per year is C (8) 164.8 8 0.42 or approximately 68.8¢/mile. 68.81 Applied Example: Driving Costs Miles/year, x 5000 10,000 15,000 20,000 Cost/mile, y (¢) 83.8 62.9 52.2 47.1 164.8 C ( x ) 0.42 x Using this model, estimate the average cost of driving a 2007 medium-sized sedan 8,000 miles per year and 18,000 miles per year. Solution The average cost for driving a car 18,000 miles per year is C (18) 164.8 18 0.42 48.95 or approximately 48.95¢/mile. Constructing Mathematical Models Some mathematical models can be constructed using elementary geometric and algebraic arguments. Guidelines for constructing mathematical models: 1. Assign a letter to each variable mentioned in the problem. If appropriate, draw and label a figure. 2. Find an expression for the quantity sought. 3. Use the conditions given in the problem to write the quantity sought as a function f of one variable. Note any restrictions to be placed on the domain of f by the nature of the problem. Applied Example: Enclosing an Area The owner of the Rancho Los Feliz has 3000 yards of fencing with which to enclose a rectangular piece of grazing land along the straight portion of a river. Fencing is not required along the river. Letting x denote the width of the rectangle, find a function f in the variable x giving the area of the grazing land if she uses all of the fencing. Applied Example: Enclosing an Area Solution This information was given: ✦ The area of the rectangular grazing land is A = xy. ✦ The amount of fencing is 2x + y which must equal 3000 (to use all the fencing), so: 2x + y = 3000 Solving for y we get: y = 3000 – 2x Substituting this value of y into the expression for A gives: A = x(3000 – 2x) = 3000x – 2x2 Finally, x and y represent distances, so they must be nonnegative, so x 0 and y = 3000 – 2x 0 (or x 1500). Thus, the required function is: f(x) = 3000x – 2x2 (0 x 1500) Applied Example: Charter-Flight Revenue If exactly 200 people sign up for a charter flight, Leisure World Travel Agency charges $300 per person. However, if more than 200 people sign up for the flight (assume this is the case), then each fare is reduced by $1 for each additional person. Letting x denote the number of passengers above 200, find a function giving the revenue realized by the company. Applied Example: Charter-Flight Revenue Solution This information was given. ✦ If there are x passengers above 200, then the number of passengers signing up for the flight is 200 + x. ✦ The fare will be (300 – x) dollars per passenger. The revenue will be R = (200 + x)(300 – x) = – x2 + 100x + 60,000 The quantities must be positive, so x 0 and 300 – x 0 (or x 300). So the required function is: f(x) = – x2 + 100x + 60,000 (0 x 300) End of Chapter