HCMUT – DEPARTMEND OF MATH. APPLIED --------------------------------------------------------------------------------------------------------------------- CALCULUS FOR BUSINESS – 212 CHAPTER 4: INTEGRAL • PhD. NGUYỄN QUỐC LÂN (April, 2022) CONTENTS ----------------------------------------------------------------------------------------------------------------------------------- 1- INDEFINITE INTEGRAL. ECONOMIC EXAMPLES 2- DEFINITE INTEGRAL. NET CHANGE 3- CONSUMER’S & PRODUCER’S SURPLUS ANTIDERIVATIVE OR INDEFINITE INTEGRAL ------------------------------------------------------------------------------------------------------------------------------- Find g ( x ) satisfying g / ( x ) = f ( x ) g ( x ) = f ( x )dx : Antiderivative x n+1 x dx = n + 1 + C n x x e dx = e +C dx x = ln x + C mx e mx e dx = m + C 1 f (ax + b )dx = F (ax + b ) + C a Example: 2 x 3 − 7e 2 x + 5 + 3 dx x 2 x + 3 + 5 dx 3x − 1 ECONOMIC EXAMPLE ------------------------------------------------------------------------------------------------------------------------------- Example 5.1.5 (Chapter 5): A manufacturer has found that marginal cost is 3q2 – 60q + 400 dollars/unit when q units have been produced. The total cost of producing the first 2 units is $900. What is the total cost of producing the first 5 units? EXAMPLE 5.1.6 (HOFFMAN, CHAPTER 5) ------------------------------------------------------------------------------------------------------------------------------- The population P(t) of a bacterial colony t hours after observation begins is found to be changing at the rate 200e0.1t + 150e–0.03t. If the population was 200.000 bacteria when observations began, what will the population be 12h later? Derivative is the rate of change Rate = P / (t ) EXAMPLE 5.1.6 (HOFFMAN, CHAPTER 5) ------------------------------------------------------------------------------------------------------------------------------- The population P(t) of a bacterial colony t hours after observation begins is found to be changing at the rate 200e0.1t + 150e–0.03t. If the population was 200.000 bacteria when observations began, what will the population be 12h later? Derivative is the rate of change Rate = P / (t ) = P / (t ) dP = 200e 0.1t + 150e −0.03t dt ( ) P(t ) = 200e 0.1t + 150e −0.03t dt = 2000e 0.1t − 5000e −0.03t + C IC : P(0 ) = 200000 C = 203000 P(12 ) 206.152 DEFINITE INTEGRAL ------------------------------------------------------------------------------------------------------------------------------- For function y = f(x), x [a, b] Divide [a, b] into small intervals with points xi, introduce the integral sum & take limit: n b i =1 a f ( xi )x = f ( x )dx (Formal) n→ A = lim D: From x = a to x = b, above Ox, under (C): y = f(x) 0 Its Area b A = f ( x ) dx a THE FUNDAMENTAL THEOREM OF CALCULUS ---------------------------------------------------------------------------------------------------------------------------------------------- I/ If f is continuous on [a, b] then the function g defined by x g ( x ) = f (t )dt , a x b a is continuous on [a, b], differentiable on (a, b) & g’(x) = f(x) So g(x) is one antiderivative of f(x) x Example: Find the derivative of the function g ( x ) = 1 + t 2 dt 0 g / (x) = 1 + x2 Solution: In fact, we just substitute b II/ Newton–Lebnitz formula: f (t )dt = F (b ) − F (a ) = F ( x ) a b a NET CHANGE ------------------------------------------------------------------------------------------------------------------------------- Previously, the rate of change Q’(x) of a quantity Q(x) is given and the net change Q(b) – Q(a) in Q(x) when x varies from x = a to x = b is required to find. Instead bof solving initial value / problem, we directly find: Q(b ) − Q(a ) = Q ( x )dx a At a certain factory, the marginal cost is 3(q – 4)2 dolars/unit when the level of production is q units. By how much the total manufacturing cost increase if the level of production is raised from 6 units to 10 units? EXAMPLE 5.1.6 (HOFFMAN, CHAPTER 5) ------------------------------------------------------------------------------------------------------------------------------- The population P(t) of a bacterial colony t hours after observation begins is found to be changing at the rate 200e0.1t + 150e–0.03t. If the population was 200.000 bacteria when observations began, what will the population be 12h later? Derivative is the rate of change Rate = P / (t ) EXAMPLE ------------------------------------------------------------------------------------------------------------------------------- A protein with mass m (grams) disintegrates into amino acids at a rate given by: dm 30 =− 2 dt t +9 g/hr What is the exact net change in mass of the protein during the first 3 hours? SUBSTITUTION RULE ------------------------------------------------------------------------------------------------------------------------------- General f u ( x )u / ( x )dx : u = u ( x ) du = u / ( x )dx I = f (u )du Key: From the expression inside integral, recognize u = u(x). 2 2 ( ) f x + C xdx u = x +C b a b dx m 2 + x 2 x = m tan t a (mx + n )dx mx + n A B : = + ax 2 + bx + c ( x − x1 )( x − x2 ) x − x1 x − x2 INTEGRATION BY PART ------------------------------------------------------------------------------------------------------------------------------- / u ( x ) v ( x )dx = udv : P(x): polynomial 1 Exam. : xe2 x dx 0 u = u ( x ) du = u / dx dv = v ( x )dx v = dv / I = uv − vdu / u = P ( x ) du = P ( x )dx mx P( x )e dx : dv = e mx dx v = e mx m EXAMPLE ------------------------------------------------------------------------------------------------------------------------------- A manufacturer find marginal cost MC(q ) = (0.1q + 1)e0.03q dollars/unit for q units. The total cost of producing 10 units is $200. What is the total cost of producing the first 20 units? SUBSTITUTION RULE ------------------------------------------------------------------------------------------------------------------------------- General f u ( x )u / ( x )dx : u = u ( x ) du = u / ( x )dx I = f (u )du Key: From the expression inside integral, recognize u = u(x). ( b ) f x 2 + C xdx u = x 2 + C a INTEGRATION BY PART ------------------------------------------------------------------------------------------------------------------------------- / u ( x ) v ( x )dx = udv : P(x): polynomial 1 Exam. : xe2 x dx 0 u = u ( x ) du = u / dx dv = v ( x )dx v = dv / I = uv − vdu / u = P ( x ) du = P ( x )dx mx P( x )e dx : dv = e mx dx v = e mx m EXAMPLE ------------------------------------------------------------------------------------------------------------------------------- A manufacturer find marginal cost MC(q ) = (0.1q + 1)e0.03q dollars/unit for q units. The total cost of producing 10 units is $200. What is the total cost of producing the first 20 units? CONSUMER’S SURPLUS ------------------------------------------------------------------------------------------------------------------------------------ Demand function P = f(Q) & Q = Q0 P = P0. SOABC = P0Q0 = total amount of money spent on Q0 goods. If Q < Q0 P > P0. SBCD = The benefit to the consumer of paying the fixed value of P0 Consumer’s surplus (CS) CS = Q0 f (Q )dQ − P0Q0 0 = EXAMPLE ------------------------------------------------------------------------------------------------------------------------------- Find the consumer’s surplus at Q0 = 5 for the demand function P = 30 – 4Q PRODUCER’S SURPLUS ------------------------------------------------------------------------------------------------------------------------------------ Supply function P = g(Q) & Q = Q0 P = P0. SOABC = P0Q0 = total amount of money received on Q0 goods. If Q < Q0 P < P0. SBCD = The benefit to the producer of selling at the fixed value of P0 Producer’s surplus (PS) PS = P0Q 0 − Q0 g (Q )dQ 0 = EXAMPLE ------------------------------------------------------------------------------------------------------------------------------- Given the demand function P = 35 − Q 2 & supply functions P = 3 + Q 2 , find the producer surplus at equilibriu m.