1 c Kathryn Bollinger, March 12, 2014 Concepts to Know #2 • 4.3 - The Chain Rule Math 142 4.1-4.5, 5.1-5.6 Know how to find the composite of two functions: (f ◦ g)(x) = f (g(x)) • 4.1 - Derivatives of Powers, Exponents and Sums Be familiar with the different notations for the derivative: df d dy = = f (x) f ′ (x) = y ′ = dx dx dx Know the following derivative rules: f (x) = k → f ′ (x) = 0 (k constant) f (x) = xn → f ′ (x) = nxn−1 f (x) = ex → f ′ (x) = ex 1 f (x) = ln x → f ′ (x) = x f (x) = kg(x) → f ′ (x) = kg ′ (x) (k constant) h(x) = f (x) ± g(x) → h′ (x) = f ′ (x) ± g ′ (x) Know how to find equations of lines tangent to a curve. Know how to locate places where horizontal tangent lines exist. Know the word marginal refers to an IROC and how to use marginal business functions to make approximations. • 4.2 - Derivatives of Products and Quotients Product Rule: h(x) = f (x) · g(x), where f and g are differentiable functions, then h′ (x) = f ′ (x) · g(x) + f (x) · g ′ (x) (Deriv of 1st )(2nd ) + (1st )(Deriv of 2nd ) Quotient Rule: f (x) If h(x) = , where f and g are differeng(x) tiable functions with g(x) 6= 0, then h′ (x) = g(x) · f ′ (x) − f (x) · g ′ (x) [g(x)]2 HOdHI − HIdHO HOHO Know how to find the derivative of a composite function by using the chain rule. Know the chain rule for the power rule: f (x) = [g(x)]n → f ′ (x) = n[g(x)]n−1 · g′ (x) • 4.4 - Derivatives of Exponential and Logarithmic Functions Know the following derivative rules: f (x) = bx → f ′ (x) = bx (ln b) 1 1 ′ f (x) = logb x → f (x) = ln b x Know how to use the chain rule for exp. and log. functions: h(x) = ef (x) → h′ (x) = ef (x) · (f ′ (x)) h(x) = bf (x) → h′ (x) = bf (x) · (f ′ (x)) · (ln b) h(x) = ln [g(x)] → g′ (x) 1 · g ′ (x) = h′ (x) = g(x) g(x) h(x) = logb[g(x)]→ 1 1 g′ (x) h′ (x) = · g ′ (x) = ln b g(x) g(x)(ln b) Recall log properties that help simplify functions before taking derivatives • 4.5 - Elasticity of Demand Know how to find the relative rate of change of a function. Know how to find and use the elasticity of demand function: E(p) = −p · d′ (p) d(p) Know the difference in elastic, inelastic, and unit elastic. Know how changes in price affect revenue with different elasticity classifications. Know how to use E(p) to maximize revenue. 2 c Kathryn Bollinger, March 12, 2014 • 5.1 - The First Derivative Second Derivative Test (Use of f ′′ to find rel. ext. of f ) If f ′ (x) > 0 on an interval, then f (x) is increasing on that interval. If f ′ (x) < 0 on an interval, then f (x) is decreasing on that interval. If f ′ (x) = 0 on an interval, then f (x) is constant on that interval. Critical Number: A point in the domain of f where f ′ (x) = 0 or f ′ (x) DNE. Know the First Derivative Test (Use sign chart of f ′ to find inc/dec and rel. ext. of f ) 1. Plot all critical numbers and points not in the domain of f on a number line. 2. Test x-values in f ′ on subsequent intervals. 3. Based on sign of f ′ , determine where f is inc/dec. 4. Relative ext. occur at points in the domain of f where f ′ changes sign. If f has a rel. max or rel. min at x = c, then x = c is a critical number of f . Know when relative extrema occur based on the graph of the function or information about its derivative. • 5.2 - The Second Derivative Understand the notation of higher-order derivatives. If f ′′ (x) > 0 on an interval, then f ′ (x) is increasing on that interval, and f (x) is concave up (⌣) on that interval. If Know when inflection points of f occur (when f concavity changes, where f ′ has rel. ext., where f ′′ changes sign). • 5.3 - Limits at Infinity Know how to determine end behavior of polynomials (degree and leading coefficient). Know how to evaluate limits if x → ±∞. Horizontal Asymptotes Leveling off end behavior of a graph (as x → ±∞) Rational Functions: Compare highest powers of x in the numerator and denominator, if a HA exists. If no HA exist, know how to determine, using limits, if the end → ±∞. Be able to use limits to find HA of a function. Be able to find both VA and HA from a graph. • 5.4 - Additional Curve Sketching f ′′ (x) < 0 on an interval, then is decreasing on that interval, and f (x) is concave down (⌢) on that interval. f ′ (x) Know the Test for Concavity (Use sign chart of to find concavity and inflection pts of f .) 1. Find critical numbers of f where f ′ (c) = 0. 2. Test these types of critical numbers with f ′′ : If f ′′ (c) > 0, then f is concave up and a rel. min. occurs at x = c. If f ′′ (c) < 0, then f is concave down and a rel. max. occurs at x = c. If f ′′ (c) = 0 or f ′′ (c) DNE, then this test fails. You must use the first derivative test to determine rel. ext. f ′′ 1. Plot all points not in the domain of f and all pts where f ′′ = 0 or f ′′ DNE on a number line. 2. Test x-values in f ′′ on subsequent intervals. 3. Based on sign of f ′′ , determine where f is concave up/concave down. 4. Inflection points occur at points in the domain of f where f ′′ changes sign. Know how to Graph Functions Using Calculus. 1. Find info from f : Domain, intercepts, VA, holes, HA 2. Find info from f ′ : inc/dec, rel. ext. 3. Find info from f ′′ : concave up/concave down, infl. pts. 4. Plot important POINTS (intercepts, rel. ext, infl. pts.) and asymptotes 5. Use info from the derivatives to sketch the correctly shaped curve passing through the known points. 6. Check your graph with the graph from your calculator if given the actual function. c Kathryn Bollinger, March 12, 2014 • 5.5 - Absolute Extrema Absolute Maximum: the largest value a function obtains on its domain Absolute Minimum: the smallest value a function obtains on its domain =⇒ Absolute Extrema are function values (y-values) Absolute Extrema on a Closed Interval (Closed Interval Method) If f is continuous on the interval, then abs. ext. are guaranteed. 1. Determine critical numbers of f . 2. Evaluate f at each endpoint and at each critical number IN the interval. (t-chart) 3. The largest function value is the absolute maximum; the smallest is the absolute minimum. If f is NOT continuous on the interval, then check the graph before proceeding. Know how and when to use the Second Derivative Test to determine Absolute Extrema • 5.6 - Optimization and Modeling Be able to solve applied absolute extrema problems using calculus. Procedure: 1. Draw a picture, if possible. 2. Select variables, where needed. 3. Write an equation to be maximized or minimized (only in terms of one variable). 4. Find an interval over which you are optimizing your function. 5. Apply the correct procedure for finding absolute extrema, based on your interval type. 3