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The increasing decreasing theorem |
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Definition
If f' is positive on an interval then f increases on that interval. If f' is negative on an interval then f decreases on that interval. |
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Definition
If f(x) is a function and f(c) is a point in its domain, we call f(c) a critical point of f(x) if f'(c)=0 or f'(c) is undefined. |
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A relative maximum and minimum (local maximum and minimum)
AKA relative extrema |
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Definition
f(x) has a maximum at f(c) if f(c) is larger than any other point near the point of f(c).
f(x) has a minimum of f(c) if f(c) is smallest value near the point near f(c). |
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Definition
- find f'(x) and f''(x)
- Make a sign chart for f'(x) and f''(x)
- Plot special points
- Local max and min
- Inflection points
- Intercepts
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Term
Three basic steps to go through with all curve sketching |
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Definition
- Find f'(x) and f"(x).
- Make a sign chart for f' & f".
- Plot special points (max, min, inflection points, intercepts.
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Term
How to determine the max and min of an optimization problem on a closed interval: |
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Definition
- Find the critical points (the points at which f'=0 or is UD when the function is defined.
- Evaluate the function on the critical points and end points by checkin there value in the original function.
- The largest of the critical points is the max; the smallest of the critical points is the min.
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Definition
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Formula for volume of box: |
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Definition
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Formula for area of a triangle: |
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Definition
A of triangle = (1/2)(base)(height) |
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Definition
Volume of a cylinder = π(radius)^2(height) |
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Definition
Surface of cylinder = 2πrh+2π(r)^2 |
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Definition
Expressed in terms of amount of product in the x axis vs. the amount of money needed to produce the product in the y axis.
Fixed cost + variable cost = cost
The cost function, C(q), gives the total cost of producing a quantity of some good q. |
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Definition
The y intercept of a function expressing cost over number of products since the fixed cost is not dependent on production of a product. |
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Definition
Amount of cost due to production of a porduct |
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Definition
A producers income composed of the amount of product multiplied by the amount of cost.
R(x) = yx
R(q) gives the total revenue received by a firm from selling a quantity q of some good.
Because the price of a product decreases when the market has a large supply, the graph of a revenue function typically levels out over time. |
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Definition
Profit = revenue - cost
Typically notated as ∏(q)
∏(q) = R(q) - C(q)
The amount of money earned by the company minus the cost of earning the money. |
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Definition
The point at which the cost and revenue graph meet there is zero profit since cost = revenue. If the producer makes more revenue at that point he starts to earn money. |
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Term
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Definition
(The total cost for production) /(the # of products produced)
Average cost = C(x)/x |
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Definition
The phenomena that a cost function resembles a cubic function due to an initial decrease in costs because buying in bulk makes the price cheaper. |
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Definition
The additional costs/revenue when additional products are added to an already existing service.
Marginal costs (MC) = C'(q) ≈ C(q+1) - C(q)
Similarly,
Marginal revenue (MR) = R'(q) ≈ R(q+1) - R(q)
To distinguish marginal revenue (MR) and marginal costs (MC) from total costs and total revenue, total costs in notated C and total revenue is notated R. |
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Definition
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Steps for solving optimization problems |
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Definition
- Understand the problem. What value/s is it looking for?
- Write an equation for the quantity being optimized (typically in the form of a formula such as area, volume, etc.)
- If there is another variable, write an equation for for the variable with the help of the constraint.
- Solve for one variable and substitute into the other equation.
- Find an interval that makes sense for the problem.
- Take the derivative to find the global max and min (don't forget to check end points as well.
- Plug CPs into original function to compare values and determine global max and min.
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Term
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Definition
If ƒ and g are differentiable, f(a)=g(a)=0, and g'(a)≠0, then the lim as a->0 of f(x)/g(x)=f ' (a)/g ' (a). If f ' (a) and g ' (a) = 0 then f '' (a) and g '' (a) = limit. |
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Term
How to determine the frequency of a recording based on time: |
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Definition
(The difference of velocity at the beginning and the end of an observation period)(time between measurements)>interval you wish to calculate. |
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Time interval between two consecutive measurements: |
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Definition
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The distance, and total distance, an object traveled can be estimated: |
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Definition
Distance traveled: f(t)*∆t
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Term
When a function is monotonic (only increasing or decreasing), the difference between the over and underestimate is: |
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Definition
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The fundamental theorem of calculus |
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Definition
If ƒ is a continuous function from [a,b] and f (t) = F ' (t) then:
the integral of f(t) from [a,b] times the change in t = F(b) - F (a) |
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The average value of ƒ from a to b: |
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Definition
Average value of ƒ from [a,b] = [1/(b-a)][∫abƒ(t)(∆t)] |
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Term
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Definition
For any function f, a point p in the domain of f where f'(p)=0 or f'(p) is undefined is called a critical point of the ƒ. In addition, the point (p,f(p)) on the graph of ƒ is also called a critical point. A critical value of ƒ is the value, ƒ(p) at a critical point p. |
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The extreme value theorem |
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Definition
I ƒ is continuous on the interval [a,b], then ƒ has a global maximum and minimum on that interval. |
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Term
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Definition
area of a circle = π(r)^2
Circumference = 2πr |
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Steps for solving optimization problems
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Definition
- Understand the problem
- What quantity are you looking for? What variable is being optimized?
- What values vary and how are they related?
- Label things.
- Give a name to whatever seems important.
- Sketch a diagram of the problem.
- Note how two or more variables are related to each other.
- Write a formula for the problem.
- If there are two or more variables, write two or more equations for the variables (solve for one and substitute).
- The first equation will be the formula that needs to be optimized. The second equation will relate the formulas; that way you can solve and substitute them into the original formula.
- The second equation usually comes from some kind of constraint.
- Determine intervals of optimization problem.
- Find CPs and plug CPs and endpoints into original formula to obtain values.
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Steps for solving related rates problems |
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Definition
- Identify variables.
- What derivative is requested in the problem?
- What formula is needed?
- Take derivative implicitly (usually with respect to time).
- Identify values in the function that correlate to information in the problem.
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Term
Family of antiderivatives |
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Definition
All antiderivatives that are possible for a specific function.
Ex: antiderivative of 2x is x^2+C |
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