Chapter 6: Applications of the Derivative
Absolute extrema · Optimization · Elasticity of demand · Implicit differentiation · Related rates · Differentials & approximation
This is where calculus earns its keep. The same derivative that describes the shape of a graph now answers practical questions: What's the most profit possible? The least cost? The largest box? How fast is the shadow moving? This chapter is the toolkit of applied optimization and rates.
Absolute Extrema
- Find all critical numbers in $(a, b)$.
- Evaluate $f$ at each critical number and at both endpoints $a$ and $b$.
- The largest value is the absolute max; the smallest is the absolute min.
📘 Example 6.1: Closed-Interval Method
- $f'(x) = 3x^2 - 6x = 3x(x - 2)$ ⇒ critical numbers $x = 0, 2$ (both in the interval).
- Evaluate: $f(-1) = -4$, $f(0) = 0$, $f(2) = -4$, $f(4) = 16$.
- Largest is $16$; smallest is $-4$.
Applications of Extrema (Optimization)
- Identify the quantity to maximize or minimize; write it as a function.
- Use a constraint equation to reduce to one variable.
- Determine the realistic domain.
- Differentiate, find critical numbers, and confirm it's the max/min you want.
- Answer the question asked (with units).
📘 Example 6.2: Maximizing the Volume of a Box
- Volume: $V(x) = x(12 - 2x)^2$, domain $0 < x < 6$.
- Expand: $V = 144x - 48x^2 + 4x^3$. Then $V'(x) = 144 - 96x + 12x^2 = 12(x-2)(x-6)$.
- Critical numbers $x = 2, 6$; only $x = 2$ is interior.
- $V(2) = 2(8)^2 = 128$. Endpoints give $V \to 0$, so $x = 2$ is the max.
📘 Example 6.3: Maximizing Profit
- Profit: $P(x) = R - C = 60x - x^2 - 10x - 100 = -x^2 + 50x - 100$.
- $P'(x) = -2x + 50 = 0 \Rightarrow x = 25$.
- $P''(x) = -2 < 0$ ⇒ concave down ⇒ maximum.
- $P(25) = -625 + 1250 - 100 = 525$.
Elasticity of Demand
| Case | Name | Effect of a price increase |
|---|---|---|
| $E > 1$ | Elastic | revenue falls (demand very responsive) |
| $E = 1$ | Unit elastic | revenue is maximized |
| $E < 1$ | Inelastic | revenue rises (demand barely moves) |
📘 Example 6.4: Computing Elasticity
- $\dfrac{dq}{dp} = -5$; at $p = 10$, $q = 200 - 50 = 150$.
- $E = -\dfrac{p}{q}\cdot\dfrac{dq}{dp} = -\dfrac{10}{150}(-5) = \dfrac{50}{150} = \dfrac{1}{3}$.
Implicit Differentiation
Some equations, like $x^2 + y^2 = 25$, don't isolate $y$ neatly. Implicit differentiation finds $\frac{dy}{dx}$ anyway, by differentiating both sides and treating $y$ as a function of $x$.
- Differentiate both sides with respect to $x$.
- Every time you differentiate a $y$-term, multiply by $\dfrac{dy}{dx}$ (the chain rule).
- Collect all $\dfrac{dy}{dx}$ terms on one side and solve.
📘 Example 6.5: Implicit Differentiation
Related Rates
When two or more quantities are linked by an equation and both change with time, their rates are linked too. Related rates problems find one rate from another, differentiating the relationship with respect to time $t$.
- Draw a picture; name the changing quantities.
- Write an equation relating them.
- Differentiate both sides with respect to $t$ (chain rule everywhere).
- Substitute known values and the given rate; solve for the unknown rate.
📘 Example 6.6: The Sliding Ladder
- Relation: $x^2 + y^2 = 100$. At $x = 6$: $y = \sqrt{100 - 36} = 8$.
- Differentiate w.r.t. $t$: $2x\dfrac{dx}{dt} + 2y\dfrac{dy}{dt} = 0$.
- Substitute $x=6$, $y=8$, $\dfrac{dx}{dt}=2$: $\;12(2) + 16\dfrac{dy}{dt} = 0$.
- Solve: $\dfrac{dy}{dt} = -\dfrac{24}{16} = -1.5$ ft/s.
Differentials: Linear Approximation
📘 Example 6.7: Approximating a Square Root
- Let $f(x) = \sqrt{x}$, with the easy point $x = 25$ and $\Delta x = 1$.
- $f'(x) = \dfrac{1}{2\sqrt{x}}$, so $f'(25) = \dfrac{1}{10}$.
- $\sqrt{26} \approx \sqrt{25} + \dfrac{1}{10}(1) = 5 + 0.1 = 5.1$.
