Title | Differentiation Lesson 1 |
---|---|
Author | Reece Slocombe |
Course | Maths for Economoists Post A-level |
Institution | City University London |
Pages | 4 |
File Size | 277.6 KB |
File Type | |
Total Downloads | 47 |
Total Views | 126 |
Lecture Notes...
DIFFERENTIATION y
DEF: Derivative of a curve at point A is the slope of the tangent to the curve at that point
C B A
x y
a
c
Tan d = d b
x
y B f(a+h)
f
f(a+h) — f(a) f(a)
DEF: Derivative of f(x) at a point is:
A
REMEMBER: a
a+h h
x
THE EQUATION OF THE TANGENT OF f at A is:
EXAMPLE: COMPUTE f’(a) when f(a) = x² for a=-1 and a=½
f’(½) = 1
f’(-1) = -2
y
-1
-½
½
x
1
EXAMPLE: SHOW THAT f’(x) = -1/x² from f(x) = 1/x
I
I
INCREASING IN I
STRICTLY INCREASING IN I
If f(x2) ≥ f(x1) whenever x2 > x1 then f is INCREASING in I
If f(x2) > f(x1) whenever x2 > x1 then f is STRICTLY INCREASING in I
I
I
DECREASING IN I
STRICTLY DECREASING IN I
If f(x2) ≤ f(x1) whenever x2 > x1 then f is DECREASING in I
If f(x2) < f(x1) whenever x2 > x1 then f is STRICTLY DECREASING in I
If f’(x) ≥ 0 for all x in the interval I → f is INCREASING in I If f’(x) ≤ 0 for all x in the interval I → f is DECREASING in I If f’(x) = 0 for all x in the interval I → f is CONSTANT in I
#
DECREASING in [ - ∞, 0]
#
INCREASING in [0, ∞]
+ 3 1 — 1
Therefore: #
#
#
#
#
• INCREASING in [1, 3] • DECREASING in [ - ∞, 1] and [3, ∞]
3 —
DEF: the instantaneous rate of change of f at a is:
DEF: the relative rate of change of f at a is:
C(x) is the COST of producing x units R(x) is the REVENUE from selling x units π(x) is R(x) — C(x) = PROFIT C’(x) = MARGINAL COST R’(x) = MARGINAL REVENUE π’(x) = MARGINAL PROFIT
When h is “small”:
If h = 1:
MARGINAL COST IS APPROXIMATELY EQUAL THE INCREMENTAL COST OF PRODUCING AN EXTRA UNIT...