Upload
avice-mosley
View
213
Download
0
Tags:
Embed Size (px)
Citation preview
Video Profits Revisited
Recall our Digitari manufacturer
Cost and revenue functions• C(x) = 4.8x - .0004x2 0 ≤ x ≤ 2250• R(x) = 8.4x - .002x2 0 ≤ x ≤ 2250
Cost, revenue, and profit functions
2
Video Profits Revisited
Digitari wants to know how many to make and sell for maximum profit
3
• Profits increasing on this interval
• Slope > 0
• Profits increasing on this interval
• Slope > 0
• Profits decreasing on this interval
• Slope < 0
• Profits decreasing on this interval
• Slope < 0
Maximum profit when
• Profits neither increasing nor decreasing
• Slope = 0
Maximum profit when
• Profits neither increasing nor decreasing
• Slope = 0
Relative Maximum
Given f(x) on open interval (a, b) with point c in the interval
Then f(c) is the relative maxif f(x) ≤ f(c) for all x in (a, b)
4
a b( )
c
Relative Minimum
Given f(x) on open interval (a, b) with point c in the interval
Then f(c) is the relative minif f(x) ≥ f(c) for all x in (a, b)
5
ab
( )c
Relative Max, Min
Note• Relative max or min does
not guarantee f '(x) = 0
Important Rule:• If a function has a
relative extremum at c• Then either c a critical number
or c is an endpoint of the domain
6
First Derivative Test
Given • f(x) differentiable on (a, b), except possibly
at c• c is only critical
number in interval
f(c) is relative max if• f '(x) > 0 on (a, c) and• f '(x) < 0 on (c, b)
7
a b( )
c
First Derivative Test
Given • f(x) differentiable on (a, b), except possibly
at c• c is only critical
number in interval
f(c) is relative min if• f '(x) < 0 on (a, c) and• f '(x) > 0 on (c, b)
8
ab
( )c
First Derivative Test
Note two other possibilities• f '(x) < 0 on both sides
of critical point
• f '(x) > 0 on both sidesof critical point
Then no relative extrema
9
Finding Relative Extrema
Strategy
Find critical points
Check f '(x) on either side• Negative on left, positive on right → min• Positive on left, negative on right → max
Try it!
10
2( ) 4 6f x x x 2/32 3y x x 2 6 9
2
x xy
x
Application
Back to Digitari … cost and revenue functions• C(x) = 4.8x - .0004x2 0 ≤ x ≤ 2250• R(x) = 8.4x - .002x2 0 ≤ x ≤ 2250
Just what is that number of units to market for maximum profit?
What is the maximum profit?
11