§3.5 Derivatives of Logarithmic and Exponential Functions. The student will learn about: the derivative of ln x and the ln f (x), the derivative of e x and e f (x) and, applications. 1 Derivative Formula for ln x. d 1 ln x dx x The above derivative can be combined with the power rule, product rule, quotient rule, and chain rule to find more complicated derivatives 2 Examples. f (x) = 5 ln x. f (x) = x5 ln x. f ‘ (x) = (5)(1/x) = 5/x Note: We need the product rule. f ‘ (x) = (x 5 )(1/x) + (ln x)(5x 4 ) = x 4 + (ln x)(5x 4) 3 Derivative Formula for ln f (x). We just learned that d 1 ln(x) dx x What if instead of x we had an ugly function? d 1 d 1 OR dx ln(u) u dx u u u' The above derivative can be combined with the power rule, product rule, quotient rule, and chain rule to find more complicated derivatives 4 Examples. f (x) = ln (x 4 + 5) 1 d 4 ( x 5) f ‘ (x) = 4 x 5 dx 3 1 4 x 3 4 x 4 f ‘ (x) = 4 x 5 x 5 f (x) = 4 ln √x = 4 ln x 1/2 1 f ' ( x) 4 1 2 x 1 1 2 x 2 2 ln x 2 x 5 Examples. f (x) = (5 – 3 ln x) 4 . f ‘ (x) = 4 (5 – 3 ln x) 3 = 4 (5 – 3 ln x) 3 d (5 3 ln x) dx 3 x 12 (5 3 ln x) 3 x 6 Derivative Formulas for x e. d x x e e dx The above derivative can be combined with the power rule, product rule, quotient rule, and chain rule to find more complicated derivatives 7 Examples. Find derivatives for f (x) = 3 e x. f (x) = x 4 e x f ‘ (x) = 3 e x . Hint, use the product rule. f ‘ (x) = x 4 e x + ex 4x 3 8 Derivative Formulas for We just learned that f (x) e . d x e ex dx What if instead of x we had an ugly function? d u u d u OR e e u e u' dx dx The above derivative can be combined with the power rule, product rule, quotient rule, and chain rule to find more complicated derivatives 9 Example. x f ( x) e 3 3x2 1 x f ' (x) e 3 x f '(x) e 3x2 1 3 3x2 1 d (x 3 3x 2 1) dx (3x2 6x) 10 General Derivative Rules Power Rule d n x nxn1 dx Exponential Rule d x e ex dx Log Rule d 1 ln x dx x General Power Rule d n u n u n 1 u' dx General Exponential Derivative Rule d u u e e u' dx General Log Derivative Rule d 1 ln u u' dx u 11 Maximizing Consumer Expenditure The amount of a commodity that consumers will buy depends on the price of the commodity. For a commodity whose price is p, let the consumer demand be given by a function D(p). Multiplying the number of units D(p) by the price p gives the total consumer expenditure for the commodity. Example Consumer Demand and Expenditure. The consumer expenditure, is E (p) = p · D (p), where D is the demand function. Let consumer demand be D (p) = 8000 e – 0.05 p Graph this on your calculator and see if it makes sense. 0 ≤ x ≤ 15 and 0 ≤ y ≤ 6,000 13 Consumer Demand and Expenditure. Continued The consumer expenditure, is E (p) = p · D (p), where D is the demand function. Let consumer demand be D (p) = 8000 e – 0.05 p Maximize the consumer expenditure. Consumer expenditure E (p) = p 8000 e – 0.05 p Use your calculator to maximize this. E (20) = $58,860.71 0 ≤ x ≤ 30 and 0 ≤ y ≤ 65,000 14 Summary. • The derivative of f (x) = ln x is f ' (x) = 1/x. • The derivative of f (x) = ln u is f ' (x) = (1/u) u'. • The derivative of f (x) = ex is f ' (x) = ex. • The derivative of f (x) = eu is f ' (x) = eu u'. • We did an application involving consumer expenditure. 15 ASSIGNMENT §3.5 on my website. 16