Math for economyMM1005

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  1. 1Search for the word that confuses you — the box at the top searches the whole course.
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  4. 4Still stuck? Bring the question to the exercise session or send an email.

Lecturer: Eric Ahlqvist, [email protected] · Put “MM1005” in the subject line.

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Lecture 3 The rules of differentiation
4 →
3 Problems

The rules of differentiation

The problems follow the sections of the theory. Those that are checked at once get new numbers each time you press New variant: repeat them until the rule runs by itself. Those with a solution are for paper. Write the whole solution before you open it, then compare line by line. Last come problems in the form of the exam, with points and a marking guide.

Typing an answer. Put a denominator with more than one factor in brackets: 3/(2 sqrt(x)), 5/(2x+1)^2, -8/x^3. The preview under the box shows how your answer was read. Look at it before you press Check.

Three problems look ahead. The ones with $e^{x}$ or $\ln x$ use two derivatives that Lecture 4 proves, $(e^{x})'=e^{x}$ and $(\ln x)'=1/x.$ They are stated at the end of the section on the chain rule.

●○○ Basic●●○ Intermediate●●● Challenge Checked instantlySolution included

Limits

Read the theory: 1. Limits →
Problem 2●●○ IntermediateSolution included

For each limit, say first whether substituting works, and why. Then find the limit.

(a) $\displaystyle\lim_{x\to3}\frac{x^{2}-4x+1}{x+1}$

(b) $\displaystyle\lim_{x\to-1}\frac{x^{2}-1}{x+1}$

(c) $\displaystyle\lim_{x\to4}\frac{x^{2}-16}{x^{2}-5x+4}$

(d) $\displaystyle\lim_{h\to0}\frac{(2+h)^{3}-8}{h}.$ Which derivative is this limit?

Hint

Substituting works when the denominator is not zero at the point (Fact 3.4). When both the numerator and the denominator are zero there, both have the same factor: find it and cancel it. In (d), expand the cube.

Stuck? Read 1. Limits →

The rules that need no thought

Read the theory: 2. The rules that need no thought →
Problem 6●○○ BasicSolution included

Each line contains one error. Say what went wrong, in words, and give the right derivative.

(a) $\left(\dfrac{4}{x^{2}}\right)'=-\dfrac{8}{x}$

(b) $\left(\dfrac{x^{5}}{5}+7\right)'=x^{4}+7$

(c) $\bigl(6\sqrt{x}\bigr)'=3\sqrt{x}$

Hint

Rewrite each function as a constant times a power of $x$ before you look at the derivative. Then follow the exponent: what was it, and what should it become?

Stuck? Read 2. The rules that need no thought →

Products and quotients

Read the theory: 3. Products and quotients →
Problem 12●●○ IntermediateSolution included

At the price $P$ kronor a kiosk sells $D(P)=120-4P$ cups of coffee a day, for $0\le P\le30.$ Its revenue is $R(P)=P\cdot D(P).$

(a) Find $R'(P)$ with the product rule, without multiplying out first.

(b) At $P=10,$ say in kronor what each of the two terms of $R'(10)$ means. Does a small price rise raise the revenue?

(c) The same at $P=20.$

(d) For which $P$ is $R'(P)=0?$ What is the sign of $R'$ on each side, and what is the largest revenue?

Hint

The two factors are $P$ and $120-4P,$ and both vary. In (b) and (c): one term is what you gain on the cups you still sell, the other is what you lose on the cups you no longer sell.

Stuck? Read 3. Products and quotients →
Problem 13●●● ChallengeSolution included

The theory says that the quotient rule extends the power rule to negative integers. Here is that step.

(a) Let $g$ be differentiable with $g(x)\ne0,$ and take for granted that $\dfrac1g$ is differentiable too. Differentiate both sides of $g\cdot\dfrac1g=1$ with the product rule, and show that $$\left(\frac1g\right)'=-\frac{g'}{g^{2}}\,.$$

(b) Let $n$ be a natural number. Use (a) and the power rule for $x^{n}$ to show that $\bigl(x^{-n}\bigr)'=-n\,x^{-n-1}$ for $x\ne0.$

(c) Check that the formula in (a) is what the quotient rule (3.2) gives when the numerator is the constant $1.$

Hint

(a) The right-hand side is a constant, so its derivative is $0.$ Solve the equation you get for $\bigl(\tfrac1g\bigr)'.$

(b) $x^{-n}=\dfrac{1}{x^{n}},$ so take $g(x)=x^{n}.$

Stuck? Read 3. Products and quotients →

Relative rates: growth in per cent

Read the theory: 4. Relative rates: growth in per cent →
Problem 15●●○ IntermediateSolution included

A country's GDP is $Y$ and its population is $N,$ so GDP per head is $y=Y/N.$

(a) GDP grows by $3\%$ a year and the population by $1\%$ a year. About how fast does GDP per head grow? Compare with the exact figure when the rates are read as year-on-year factors.

(b) Derive the rule you used in (a): divide the quotient rule (3.2) by $f/g$ and simplify.

(c) GDP per head is to grow by $2\%$ a year while the population grows by $1.5\%$ a year. About how fast must GDP grow?

Hint

(a) A quotient: Fact 3.15. The year-on-year factors are $1.03$ and $1.01.$

(c) Write $Y=y\cdot N.$ Now it is a product.

Stuck? Read 4. Relative rates: growth in per cent →

The chain rule

Read the theory: 5. The chain rule →
Problem 19●●○ IntermediateSolution included

Differentiate with Method 3.20. For each function, say first which operation is outermost, and so which rule comes first.

(a) $f(x)=x^{2}(1-3x)^{4}$

(b) $f(x)=\left(\dfrac{2x+1}{x-1}\right)^{3}$ for $x\ne1$

(c) $f(x)=\dfrac{1}{(x^{2}+4)^{3}}$

Hint

The outermost operation is the last thing you would do when computing the value at a number. In (c), rewrite first: a constant over a power.

Stuck? Read 5. The chain rule →

Higher-order derivatives

Read the theory: 6. Higher-order derivatives →
Problem 21●●○ IntermediateSolution included

Let $f(x)=x^{3}-6x^{2}+9x+1.$

(a) Find $f'(x),$ factor it, and make a sign table. Where is $f$ increasing and where is it decreasing?

(b) Find $f''(x).$ Where does the graph bend upwards, and where downwards?

(c) Describe the graph in words, from left to right, using the points with $x=1,$ $x=2$ and $x=3.$

Hint

(a) is Method 2.25 of Lecture 2. (b) is Fact 3.22. In (c), say for each stretch both which way the curve goes and which way it bends.

Stuck? Read 6. Higher-order derivatives →

Mixed, as on the exam

Here the sections are mixed, and nothing says which rule to use. Write the solution on paper, with reasons, before you look.

Problem 22●●○ IntermediateSolution included

(a) At its present output a factory has a marginal cost of $40$ kronor per unit, and its output is rising by $15$ units per week. How fast is its total cost rising? Write the units of every number.

(b) Some months later the output is still rising by $15$ units per week, and the total cost by $900$ kronor per week. What is the marginal cost now?

(c) Another factory has the cost $C(Q)=0.5Q^{2}+10Q$ kronor for $Q$ units, and produces $Q(t)=20+3t$ units in week $t.$ Find how fast its cost is rising in week $t=4$ with the chain rule. Then check by substituting $Q(t)$ into $C$ first.

Hint

Write $\dfrac{dC}{dt}=\dfrac{dC}{dQ}\cdot\dfrac{dQ}{dt}$ with the units under each factor. In (c), at which value of $Q$ is $\dfrac{dC}{dQ}$ to be evaluated?

Stuck? Read 5. The chain rule →
Problem 23●●● ChallengeSolution included

(a) Let $f$ be twice differentiable on an interval $I,$ with $f''(x)>0$ for every $x$ in $I,$ and suppose that $f'(c)=0$ for some point $c$ in $I.$ Show that $f(x)\ge f(c)$ for every $x$ in $I{:}$ the value $f(c)$ is the smallest that $f$ takes on $I.$

(b) Let $f(x)=x^{2}+\dfrac{16}{x}$ for $x>0.$ Use (a) to find the smallest value of $f.$

(c) Why does (a) say nothing about this $f$ for $x<0?$

Hint

(a) Use Fact 2.23 twice: first on $f',$ whose derivative is $f'',$ and then on $f.$ What is the sign of $f'$ to the left of $c,$ and to the right?

(b) Rewrite $\dfrac{16}{x}$ as $16x^{-1}$ before you differentiate.

Stuck? Read 6. Higher-order derivatives →

As on the exam

3 problems · 15 p

Problems in exam form, with points. Solve them on paper or in the box. Then open the solution one step at a time and mark yourself against the rubric.

Exam problem 16 pComputeModel: 2023-10-31 Q3 (a)–(b)

A rational function: derivative, sign table, increase and decrease

Let $$f(x)=\frac{x^{2}-3x+6}{x-2}\,.$$

  1. (a)

    State the domain of $f.$ Find $f'(x),$ and find every $x$ with $f'(x)=0.$

    3 p
  2. (b)

    Make a sign table for $f',$ and give the intervals on which $f$ is increasing and the intervals on which it is decreasing.

    3 p

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Exam problem 24 pComputeModel: final 2026-09-28 Q4 (a), the derivative; 2022-09-28 Q4 — the derivative

Differentiating with the letters left in

Let $a$ and $b$ be constants, and let $$f(x)=\frac{x^{2}+ax+b}{x-3}\,,\qquad x\ne3\,.$$

  1. (a)

    Find $f'(x),$ with the numerator simplified as far as possible.

    3 p
  2. (b)

    What does the condition $f'(1)=0$ say about $a$ and $b?$ Does it determine them?

    1 p

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Exam problem 35 pComputeModel: 2019-11-01 Q3 (a); 2024-11-05 Q3 (b)–(c), for an explicit function

First and second derivative of a composition, and the shape of the graph

Let $$f(x)=\bigl(x^{2}-5\bigr)^{3}\,.$$

  1. (a)

    Find $f'(x)$ and $f'(2).$

    2 p
  2. (b)

    Find $f''(x),$ written as a product of factors, and $f''(2).$

    2 p
  3. (c)

    The point $x=2$ lies in the interval $1<x<\sqrt5.$ Is $f$ increasing on that interval? Which way does the graph bend there, and does the tangent at $x=2$ lie above or below the graph near $x=2?$

    1 p

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