Relative Extrema Lesson 5.5. Video Profits Revisited Recall our Digitari manufacturer Cost and...

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Relative Extrema Lesson 5.5

Transcript of Relative Extrema Lesson 5.5. Video Profits Revisited Recall our Digitari manufacturer Cost and...

Relative Extrema

Lesson 5.5

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

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Video Profits Revisited

Digitari wants to know how many to make and sell for maximum profit

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• 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)

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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)

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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

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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)

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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)

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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

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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!

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2( ) 4 6f x x x 2/32 3y x x 2 6 9

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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?

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Assignment

Lesson 5.2

Page 327

Exercises 1 – 53 EOO

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