Product and Quotient Rule 1 Product Rule The product rule also called Leibniz's law, governs the differentiation of products of differentiable functions It is a common error, when studying calculus, to suppose that the derivative of (uv) equals (u ′)(v ′) Leibniz himself made this error initially 2 Product Rule d f x dx g ( x) f x Easier to remember as d g x dx uv d f x dx g x u v uv 3 1 Product rule Credited to Leibniz His argument follows: Let u(x) and v(x) be two differentiable functions of x. Then the differential of uv is d uv u du v dv u dv v du uv du dv Since (du)(dv) is "negligible" Leibniz concluded d uv du v u dv 4 Visual of Product Rule 5 Proof of Product Rule f x h g x h d fg ( x) lim h 0 dx h lim h f x h g x h lim lim h f ( x ) g ( x ) f ( x h) g ( x ) h g x h g ( x ) g ( x ) f ( x h) 0 h f x h f x h g x h g ( x) h lim f x h lim 0 f ( x h) g ( x ) f ( x) h 0 0 h f ( x) g ( x) h 0 lim h g x h h f ( x) g ( x) g ( x) f x g ( x) 0 g ( x ) f ( x h) h f ( x h) g ( x) lim h 0 h f ( x) f ( x) 6 2 Quotient Rule d f dx g f x x g ( x) f ( x) g ( x) 2 g ( x) u v u v uv v2 Easier to remember Let h( x) We can use the product rule instead of the quotient rule by writing then 1 , g ( x) d f dx g d fh x dx x 7 Proof of Quotient Rule d f dx g x lim h 0 lim f x h g x h lim h 0 h f x g x f x h g x f x g x h g x h g x h f x h g x f x g x h f ( x) g ( x) f ( x) g ( x) g x h g x h h 0 8 f x h lim h f ( x) g x f x h g x h f ( x) g x h g ( x) g ( x) g x h g x f x h f ( x) h 0 g x h h 0 lim f x h lim h f x g x h g x h 0 g x f x lim h 0 g x h g ( x) h lim g x h g x h f x g ( x) g ( x) 0 f ( x) g ( x) 2 9 3 Quotient Rule – Memory Aids "Lo-dee-hi, hi-dee-lo, draw the line and square below"; Lo being the denominator, Hi being the numerator and "dee" being the derivative. Another variation to this mnemonic is given when the quotient is written with the numerator as Hi the denominator as Ho: "Ho-dee-Hi minus Hi-dee-Ho all over Ho-Ho." A third variation is "Low-dee-high minus high-dee-low, all over the square of what's below". 10 Compare Product Rule uv u v uv Quotient Rule u v u v uv v2 11 Let u 3x 2 2 x, v u 6 x 2, f uv f 3x 3x 2 f ( x) Example v 2x x 2x2 x 2x2 1 4x uv 2 2x 1 4x 12 x 2 5 x 2 2x 6x 2 x 2x2 12 x 3 2 x 2 2x 24 x3 3x 2 4 x 12 4 Example 2 3x 2 6x f ( x) 2 3x2 and v 6 x Let u u 6x and v 6x 6x u v uv v2 2 3x 6 2 6 2 6x 36 x 2 12 18 x 2 36 x 2 2 3x 2 6 x2 We took this derivative in 4.1 without using the quotient rule x 3x3 f ( x) Example Let u u x1 2 and v 3x 2 2 x 1 and v 6 x 2 2 x 2 x 6x 2 x 3x 2 2 x + 2x 2 x 3x 2 x 12 x 4 + 2 2 x 15 x 6 3 x 5x 2 2 2 Practice x u f 2 g x 14 Find the derivative (a) f x 2 and v 3x 2 2x x 2x 1 3x 2 2 x + x 6 x 2 2 x f Let u 13 and v 3 ( x2 2) 3 x 2 2 (b) g x u v uv 2 x 3x 2 9 x2 4 x 6 x2 x 2 3x 2 2 3 2 x 3x 2 x2 2 3 u v uv 2 2 v 3x 2 2 3x 4 x 6 3x 2 2 15 5 Example 2 2 x3 3x 2 x3 3x f ( x) Let u u f 2 x3 3x f ( x) 2 x3 3x and v 2 x3 3x 6 x2 3 and v 6 x2 3 6 x 2 3 2 x3 3x 2 x3 3x 6 x 2 3 2 6 x 2 3 2 x3 3x 6 x 2 x2 1 2 x2 3 16 Practice 1 x3 3 f ( x) Let u 1 and v x3 3 u 0 and v 3x2 f 0 x3 3 3x 2 1 3x 2 x3 3 2 x3 3 2 17 Remarks We can use the product rule to verify the constant multiple rule cf ( x) Let u Let u u v uv c and v cf ( x) f x 0 and v f x 0 f x cf x cf x 18 6 Practice Use the product rule to verify xf ( x) Let u x and v u 1 and v u v uv 1 f x xf f x xf ( x) f x f x x f x xf x 19 Costs Discretionary costs are not strictly necessary for current production but correspond to strategic goals; example: advertising Fixed costs are simply not responsive to production levels, for instance, the cost of renting an office is a fixed cost Variable costs grow with higher levels of production; example: raw materials 20 Marginal Average Cost We defined Marginal f(x) as the derivative of f(x) We defined Average f(x) as f(x) / x Marginal Average f(x) is the derivative of Average f(x) So Marginal Average Cost is (C(x) / x)’ (the derivative of the average cost) 21 7 Example C(x) = 20,000 + 10x C(x) is the total cost (in $) of printing x dictionaries Find the average cost per unit if 1,000 books are printed. Find marginal average cost at a production level of 1,000 units, and interpret. Since C(x) is the total cost, and x is the number of units, the average cost per unit is C(x) divided by x Average Cost per Unit AC C x x Total Cost Number of Units 22 Example C(x) = 20,000 + 10x We have the notation In this case AC x AC x C x x 20, 000 10x x if 1000 units are produced the average cost per unit is AC 1, 000 20, 000 10 1, 000 x $30 23 Example C(x) = 20,000 + 10x Marginal average cost means the derivative of average cost. We take the derivative of the average cost function from the previous step, using the quotient rule. MAC x x 10 20, 000 10 x 1 x2 20, 000 x2 Now we evaluate marginal average cost when x = 1,000 MAC 1, 000 20, 000 1, 0002 .02 or -2¢ per dictionary 24 8 Example C(x) = 20,000 + 10x This says that at a production level of 1,000 books, the average cost per book is decreasing at a rate of 2 cents per book. In other words, producing the 1001st book will cause the average cost per book to decrease by about 2 cents. This means that at a production level of 1001 books, the average cost per book will be roughly $29.98 25 Example Suppose you inherit an apartment complex with 100 units each renting for $500 each, so your income is (100)(500) = $50,000. You want to maximize your rental income and raise the rent $50. Five renters move out, making your rental income (95)(550) = $52,250 If every time you raise the rent $50 an additional five renters leave, what is your maximum potential rental income? 26 We can build a table 500 Number Renters 100 $50,000 550 95 $52,250 2 600 90 $54,000 3 650 85 $55,250 4 700 80 $56,000 5 750 75 $56,250 6 800 70 $56,000 7 850 65 $55,250 Cycle Rent 0 1 Income 27 9 Example Find where the slope of the following revenue function is zero R x 500 50 x 100 5x Let u 500 50x then u R x 50 u v uv and v 100 5x and v 50 100 5 x 5 5 500 5x 2500 250x 5000 250x 2500 500x 28 Example Find where the slope of the following revenue function is zero R x R x 500 50 x 100 5x 2500 500 x 0 2500 500x 2500 500x 2500 500 x 5 x Our max income is $56,250 with 75 renters and 25 empty units The max occurs where the slope is zero 29 Example The total cost in hundreds of dollars to produce x units is C x 3x 2 x 4 Find the average cost for (a) 10 units (b) 20 units (c) x units (d) Find the marginal cost function 30 10 Example The total cost in hundreds of dollars to 3x 2 x 4 produce x units is C x AC x C x x 3x 2 x2 4 x Find the average cost for (a) 10 units 3x 2 AC 10 x2 4 x 3 10 10 2 2 32 140 4 10 0.2286 dollars per hundred units or $22.86 dollars per unit 31 Example The total cost in hundreds of dollars to 3x 2 x 4 produce x units is C x Find the average cost for (b) 20 units 3x 2 x2 4 x AC 20 3 20 20 2 2 4 20 62 480 0.1292 dollars per hundred units or $12.92 dollars per unit 32 Example The total cost in hundreds of dollars to produce x units is C x 3x 2 x 4 Find the average cost for (c) x units AC x 3x 2 dollars per hundred units x2 4x 33 11 Example The total cost in hundreds of dollars to 3x 2 x 4 produce x units is C x (d) Find the marginal cost function 3x 2 and C x x 4 We have C x 3x 2 x2 4 x To find the Marginal Average Cost we must 3x 2 x2 4x take the derivative of AC x 34 Example The total cost in hundreds of dollars to 3x 2 x 4 produce x units is C x (d) Find the marginal cost function AC x 3x 2 Let u x 2 4 x then u vu MAC x x2 4 x 3 uv v 3x 2 and v 3 and v 2 x 3x 2 2 x 4 2 4x 2 3x 2 4 x 8 3x 2 12 x 6 x 2 12 x 4 x 8 x2 4 x x2 4x 2x 4 2 x2 4 x 2 35 Example The total cost to produce x units of paint is C(x)=(5x+3)(4x+2) Find the marginal average cost function. 5x 3 4x 2 x 5x 3 4 x 2 and v AC x Let u u u MAC 40 x 22 x x 5 4 x 2 + 5 x 3 4 and v 40x 22 and v 1 1 5x 3 4 x 2 1 x2 40 x 2 22 x 20 x 2 22 x 6 x2 20 x 2 6 x2 36 12 Example Find the equation of the tangent line to y = (2x3+3x)(x-4) at x =2 Let u 2 x3 +3x and v u 6 x2 +3 and v 6x2 3 x 4 y m y 2 6 2 27 y2 2 2 3 2 3 22 3 2 2 y y1 2 x3 3x 1 2 2 x 4 1 4 2 2 3 3 2 32 22 4 2 44 m x x1 37 Find the equation of the tangent line to y = (2x3+3x)(x-4) at x =2 Example y x1 y1 2 y m x x1 y1 44 44 m 32 32 x 2 y 32 x 20 38 TI Solution 39 13 Practice g( 2) = -1 f( 2) = -1, g’( 2) = 5 f’( 2) = 3 What is the value of h’( 2) where h(x) = f(x) g(x)? h fg fg 3 1 1 5 8 40 Practice g( 2) = -1 f( 2) = -1, g’( 2) = 5 f’( 2) = 3 What is the value of h’( 2) where h(x) = f(x)/g(x)? h fg fg g2 3 1 1 5 1 2 3 5 1 2 41 Remarks Profit = Revenue - Cost Profit increases if • Revenue increases • Cost decreases Marginal Profit = Marginal Revenue – Marginal Cost Profit is at a maximum when Marginal Profit = 0 That is Profit is a maximum when the ARC is zero This happens when Marginal Revenue = Marginal Cost 42 14
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