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Maxima and Minima
The derivative measures the slope of the tangent to a curve.At the maximum or minimum points, the tangent is horizontal and has slope zero.
Setting the derivative to zero, enables us to locate these max/min points.
This process tells us where these max/min points are but not whether they are a maximum or minimum.
So how can we tell ??
2
x
y
x1 x2
The first derivative would give us the value of x1 and x2 but not the fact that x1 is a minimum point and x2 is a maximum point.We can establish this by taking the second derivative, i.e. calculating the derivative of the derivative.
0y
0y
3
Test :
If , at a turning point (max/min point) then the point is a minimum.
If , the point is maximum.
0y
0y
4
Example:
We know this has a maximum since
Setting to find any turning points :
turning point
Since -8 < 0 then this point is a maximum.
754 2 xxy
58 xy0y
580 x x85
85x
8y
04 a
5
Example:
Turning points occur when
Since ln x is undefined when x < 0, then 1.581 is the only solution
xxy ln52
xxxxy 52152
0y
xxxx 25 520
25 25 22 xx
581.125 x
6
When x = 1.581
Since 4 > 0, the point is a minimum.
xxy ln52 15252 xxxxy
Now, 252 xy
4581.152 2 y
7
Note: If , the point might not be a maximum or minimum.
point of inflection
0y
0
0
y
y
0
0
y
y
0
0
y
y
8
Solving Verbal Problems:
(1) Read the question carefully.
(2) Create an equation which gives a mathematical description of the process. (Sometimes given).
(3) Calculate the derivative and find turning points.(4) Establish whether or not turning points are maximum or minimum or neither.(5) Interpret and explain the results in sentences.
9
Note : (3)
If using the derivative does not produce the desired result, then the result will be one of the end points.
10
e.g. looking for the minimum value of some function
A B C
The first derivative will identify the maximum value (B) because it is a turning point.
We are searching for the min value so check the value of the function at A and C. The lesser of the two gives the desired result.
11
Example:
The cost per hour C (in dollars) of operating an automobile is given by
600 ,08.00012.012.0 2 sssC
where s is the speed in miles per hour. At what speed is the cost per hour a minimum?
12
Given
Setting gives
s = 50 is a turning point
:. The turning point is a maximum.
sC
ssC
0024.012.0
08.00012.012.0 2
500024.0
12.0
0024.012.00
s
s
0C
00024.0 C
13
Check endpoints of s.
The minimum value occurs at s = 0.
Costs are minimised when speed = 0 mi/hr.
600 s
08.0
08.000012.0012.00 2
C
96.2
08.0600012.06012.060 2
C
14
Example:
For a monopolist, the cost per unit of producing a product is $3 and the demand equation is
What price will give the greatest profit?
.10 qp
unitper 3$ 10 C
qp
15
Profit = total revenue - total costs
35 21
qPqqP 310 21
qqP 310
qqq
P 3.10
qpqP 3
since 21
21
1
q
16
Setting
35 21
qP
0P
350 21
q
21
53
q
22
12
53
q
925
778.2q
17
q = 2.778 is a turning point
:. q = 2.778 is a maximum point
23
778.25.2 ,778.2When
Pq
23
5.2
qP
054.0
The price that generates the maximum profit is
6778.2
1010 q
p
A price of $6 for the product will produce maximum profit.
35 21
qP
18
Example
The cost of operating a truck on a throughway (excluding the salary of the driver) is 0.11+(s/300) dollars per mile, where s is the (steady) speed of the truck in miles per hour.
The truck driver’s salary is $12 per hour.
At what speed should the truck driver operate the truck to make a 700-mile trip most economical?
19
Cost per mile
---------(1)
:. For 700 miles,
Driver’s salary = $12/hr,
number of hours =s
700Since distance = speed time
:. Cost of driver ----------(2)ss
840070012
30011.0
s
30011.0700Cost
s
20
Total cost = (1) + (2)
2840037 sC
ssC
840037
77
ss
C8400
30011.0700
21
Turning point60s
2
1
21
2
840037
s
8400372
s
37
8400 2 s
2840037
0 s
0 Setting C
22
Checking with
:. The turning point is a minimum.
So costs are minimised when s = 60 mi/hr
316800 sC
0078.0
6016800 ,60 3
Cs
C
23
A final note :
It is worthwhile checking end points of the variables domain even when the calculus has produced a result.
A BCalculus will reveal a maximum point at A but it can be seen the max value of the function occurs at B