§2.1 Some Differentiation Formulas The student will learn about derivatives of constants, powers, sums and differences, notation, and the derivative as used in business and economics. 1 The Derivative of a Constant Let y = f (x) = c be a constant function, then the derivative of the function is y’ = f ’ (x) = 0. What is the slope of a constant function? m=0 2 Example 1 f (x) = 17 If y = f (x) = c then y’ = f ’ (x) = 0. f ‘ (x) = 0 3 Power Rule. A function of the form f (x) = xn is called a power function. (Remember √x and all radical functions are power functions.) Let y = f (x) = xn be a power function, then the derivative of the function is y’ = f ’ (x) = n xn – 1. THIS IS VERY IMPORTANT. IT WILL BE USED A LOT! 4 Example f (x) = x5 If y = f (x) = xn then y’ = f ’ (x) = n xn – 1. f ‘ (x) = 5 • x4 = 5 x4 5 Example f (x) = 3 x f (x) = 3 x , should be rewritten as f (x) = x1/3 and we can then find the derivative. f (x) = x 1/3 f ‘ (x) = 1/3 x - 2/3 6 Derivative of f (x) = x The derivative of x is used so frequently that it should be remembered separately. This result is obvious geometrically, as shown in the diagram. 7 Constant Multiple Property. Let y = f (x) = k • u (x) be a constant k times a differential function u (x). Then the derivative of y is y’ = f ’ (x) = k • u’ (x) = k • u’. 8 Example f (x) = 7x4 If y = f (x) = k • u (x) then f ’ (x) = k • u’. f ‘ (x) = 7 • 4 • x3 = 28 x3 9 Emphasis f (x) = 7x If y = f (x) = k • u (x) then f ’ (x) = k • u’. f ‘ (x) = 7 • 1 = 7 REMINDER: If f ( x ) = c x then f ‘ ( x ) = c The derivative of x is 1. 10 Sum and Difference Properties. • 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. OR If y = f (x) = u (x) ± v (x), then y ’ = f ’ (x) = u ’ (x) ± v ’ (x). 11 Example f (x) = 3x5 + x4 – 2x3 + 5x2 – 7 x + 4 From the previous examples we get f ‘ (x) = 15x4 + 4x3 – 6x2 + 10x – 7 12 Example f (x) = 3x - 5 - x - 1 + x 5/7 + 5x- 3/5 f ‘ (x) = - 15x - 6 + x - 2 + 5/7 x – 2/7 - 3 x – 8/5 Show how to do fractions on a calculator. 13 Notation Given a function y = f ( x ), the following are all notations for the derivative. y′ d f ( x) dx f′(x) dy dx 14 Graphing Calculators Most graphing calculators have a built-in numerical differentiation routine that will approximate numerically the values of f ’ (x) for any given value of x. Some graphing calculators have a built-in symbolic differentiation routine that will find an algebraic formula for the derivative, and then evaluate this formula at indicated values of x. 15 Example 7 f (x) = x 2 – 3x at x = 2. 3. Do the above using a graphing calculator. Using dy/dx under the “calc” menu. f ’ (x) = 2x – 3 f ’ (2) = 2 2 – 3 = 1 16 Example 8 - TI-89 ONLY f (x) = 2x – 3x2 and f ’ (x) = 2 – 6x Do the above using a graphing calculator with a symbolic differentiation routine. Using algebraic differentiation under the home “calc” menu. 17 Marginal Cost If x is the number of units of a product produced in some time interval, then Total cost = C (x) Marginal cost = C ’ (x) Marginal cost is the derivative of the total cost function and its meaning is the additional cost of producing one more unit. 18 Marginal Revenue If x is the number of units of a product sold in some time interval, then Total revenue = R (x) Marginal revenue = R ’ (x) Marginal revenue is the derivative of the total revenue function and its meaning is the revenue generated when selling one more unit. 19 Marginal Profit If x is the number of units of a product produced and sold in some time interval, then Total profit = P = R (x) – C (x) Marginal profit = P ’ (x) = R’ (x) – C’ (x) Marginal profit is the derivative of the total profit function and its meaning is the profit generated when producing and selling one more unit. 20 Remember – The derivative is • The limit of the difference quotient. • lim h0 f ( x h) f ( x) h • The instantaneous rate of change of y with respect to x. • The slope of the tangent line. • The 5 step procedure. • The margin. 21 Application Example This example shows the essence in how the derivative is used in business. 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. The marginal cost will be C ‘ (x) C ‘ (x) = 0 + 100 - x continued 22 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. C ‘ (x) = 100 - x 2. Find the marginal cost at a production level of 80 radios and interpret the result. C ‘ (80) = 100 - 80 = 20 What does it mean? It will cost about $20 to produce the 81st radio. Geometric interpretation! 23 Summary. If f (x) = C then f ’ (x) = 0. If f (x) = xn then f ’ (x) = n xn – 1. If f (x) = k • u (x) then f ’ (x) = k • u’ (x) = k • u’. If f (x) = u (x) ± v (x), then f ’ (x) = u’ (x) ± v’ (x). 24 Test Review § 1.1 Know the Cartesian plane and graphing. Know straight lines, slope, and the different forms for straight lines. Know applied problem involving a straight line 25 Review Equations of a Line General Ax + By = C Not of much use. Test answers. Slope-Intercept Form y = mx + b Graphing on a calculator. Point-slope form y – y1 = m (x – x1) “Name that Line”. Horizontal line Vertical line y=b x=a 26 Test Review § 1.1 Continued Know integer exponents positive, zero, and negative. Know fractional exponents. 27 Test Review § 1.2 Know functions and the basic terms involved with functions. Know linear functions. Know quadratic functions. Know the basic business functions 28 Test Review § 1.3 Know polynomial functions. Know rational functions Know exponential functions. Know about shifts to basic graphs. Know the difference quotient. 29 Test Review § 1.4 Know limits and their properties. Know left and right limits. Know continuity and the properties of continuity. 30 Test Review § 1.5 1. The average rate of change. f ( x h ) f ( x) h 2. The instantaneous rate of change. f ( x h) f ( x) lim h0 h 31 ASSIGNMENT §2.1 on my website 12, 13, 14, 15, 16, 17, 18 32