2.3 Derivatives of Products
Pre-Class:
- Complete 2.2 Homework assignment: check and correct.
- Take notes on the videos and readings (use the space below).
- Work and check problems #1-2 in the 2.3 NOTES section.
- Complete the 2.3 Pre-Class Quiz.
Introduction
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The manager of a miniature golf course is planning to raise the ticket price per game. At the current price of \$6.50, an average of 81 rounds is played each day. The manager’s research suggests that for every \$0.50 increase in price, an average of four fewer games will be played each day. Based on this information, find the function that represents revenue from rounds of mini golf, where n represents the number of \$0.50 increases in ticket price.
$R(n) =$ (price)(number sold)
$R(n) = (6.50 + .50n)(81 - 4n)$
- What must you do with this revenue function in order to find the rate of change?
Multiply it out and use the power rule to find the derivative.
- Find the rate of change for this revenue function when the manager increases the price of a round of mini golf by \$1.50.
$R(n) = 526.50 + 14.5n - 2{n^2}$
$R'(n) = 14.5 - 4n$
If the price is increased by \$1.50, then there have been 3 fifty cent increases, so $n=3$.
$R'(3) = 2.5$
When the manager increases the price per ticket by \$$1.50$, the number of rounds played each day decreases but the actual revenue increases by \$$2.50$ per day. This provides the owner with an increase in revenue even though there is a decrease in the number of rounds played each day.
- What must you do with this revenue function in order to find the rate of change?
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Find the rate of change for the function $y = ({x^2} + 1)({x^2} - 2x + 1).$
This problem can be worked the same way but it is more difficult to multiply out. We need an easier way to find the derivative when we have polynomial terms multiplied together.
Notes
Derivatives of Products
The Product Rule
If $y=f(x)\cdot g(x)$,
then $y' = f'(x)\cdot g(x)\; + \;\;f(x)\cdot g'(x).$
Two Methods for Finding the Derivative:
Find the derivative two different ways.
- Simplify first and use the power rule.
- Use the product rule.
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$m\left( x \right) = 2{x^3}\;\left( {{x^5} - 2} \right)$
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Simplifying and Using Power Rule
$m(x) = 2{x^8} - 4{x^3}$
${m'}(x) = 16{x^7} - 12{x^2}$
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Using the Product Rule
$f = 2{x^3}$
$f' = 6{x^2}$
$g = {x^5} - 2$
$g' = 5{x^4}$
$m'(x) = 6{x^2}({x^5} - 2) + 2{x^3}(5{x^4})$
$m'(x) = 6{x^7} - 12{x^2} + 10{x^7}$
$m'(x) = 16{x^7} - 12{x^2}$
Find the derivative using the Product Rule.
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$n(x)=7x^2\left(2x^3+5\right)$
$f = 7{x^2}$
$f' = 14x$
$g = 2{x^3} + 5$
$g' = 6{x^2}$
$n'(x) = 14x(2{x^3} + 5) + 7{x^2}(6{x^2})$
$n'(x) = 28{x^4} + 70x + 42{x^4}$
$n'(x) = 70{x^4} + 70x$
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$h\left( x \right) = 4{x^3}\;{e^x}$
$f = 4{x^3}$
$f' =12{x^2}$
$g = {e^x}$
$g' = {e^x}$
$h'(x) = 12{x^2}({e^x}) + 4{x^3}({e^x})$
$h'(x) = {e^x}(12{x^2} + 4{x^3})$
$h'(x) = 4{x^2}{e^x}(3 + x)$
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$s\left( x \right) = 2{x^5}\ln x$
$f = 2{x^5}$
$f' =10{x^4}$
$g = \ln x$
$g' = \frac{1}{x}$
$s'(x) = 10{x^4}\ln x + 2{x^5}\left( {\frac{1}{x}} \right)$
$s'(x) = 10{x^4}\ln x + 2{x^4}$
$s'(x) = 2{x^4}(5\ln x + 1)$
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$v\left( x \right) = \left( {8x + 1} \right)\left( {3{x^2}\; - 7} \right)$
$f = 8x + 1$
$f' =8$
$g = 3{x^2} - 7$
$g' = 6x$
$v'(x) = 8(3{x^2} - 7) + 6x(8x + 1)$
$v'(x) = 24{x^2} - 56 + 48{x^2} + 6x$
$v'(x) = 72{x^2} + 6x - 56$
Tangent Lines
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$r\left( x \right) = \left( {5 - 4x} \right)\left( {1 + 3x} \right)$
- Find $r'\left( x \right).$
$f = 5 - 4x$
$f' = - 4$
$g = 1 + 3x$
$g' = 3$
$r'(x) = - 4(1 + 3x) + 3(5 - 4x)$
$r'(x) = - 4 - 12x + 15 - 12x$
$r'(x) = - 24x + 11$
- Find the equation of the line tangent to the graph of $r$ at $x=2$.
Point $\quad r(2) = (5 - 4\cdot2)(1 + 3\cdot2) = ( - 3)(7) = -21$
$(2, - 21)$
Slope $\quad {m_{tan}}= {r'}(2) = - 24(2) + 11=-48+11=-37$
${m_{tan}}=-37$
Equation of the tangent line:
$y + 21 = - 37(x - 2)$
$y + 21 = - 37x + 74$
$y = - 37x + 53$
- Find the values of $x$ where $r’(x) = 0.$
$ - 24x + 11 = 0$
$ - 24x = - 11$
$x = \frac{{11}}{{24}}$
Derivatives with Radicals
- Find $r'\left( x \right).$
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Find y’ for $y = \sqrt x\left(x^2+3x-1\right).$
$y=x^\frac12\left(x^2+3x-1\right)$
$f =x^\frac12$
$f' =\frac12x^\frac{-1}2$
$g = x^2 +3x -1$
$g' = 2x+3$
$y' = \frac12x^\frac{-1}2\left(x^2+3x-1\right)+x^\frac12\left(2x+3\right)$
$y' = \frac12x^\frac32+\frac32x^\frac12-\frac12x^\frac{-1}2+2x^\frac32+3x^\frac12$
$y' = \frac52x^\frac32+\frac92x^\frac12-\frac12x^\frac{-1}2$
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Find $\frac{{dy}}{{dx}}$ for $y = \sqrt[3]x\left(x^6+x^3\right).$
$y=x^\frac13(x^6+x^3)$
$f =x^\frac13$
$f' = \frac13x^{-\frac23}$
$g = x^6+x^3$
$g' = 6x^5+3x^2$
$\frac{{dy}}{{dx}} = \frac13x^{-\frac23}\left(x^6+x^3\right)+x^\frac13\left(6x^5+3x^2\right)$
$\frac{{dy}}{{dx}} = \frac13x^\frac{16}3+\frac13x^\frac73+6x^\frac{16}3+3x^\frac73$
$\frac{dy}{dx}=\frac{19}3x^\frac{16}3+\frac{10}3x^\frac73$
Applications
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Calculators are sold to students for 100 dollars each. Three hundred students are willing to buy them at that price. For every 5 dollar decrease in price, there are 30 more students willing to buy the calculator. The revenue function is given by the formula $ R(d)=(100-5d)(300+30d) $.
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Find $R'(d).$
$f = 100-5d$
$f' = - 5$
$g = 300+30d$
$g' = 30$
$ R'(d)=-5(300+30d)+30(100-5d) $
$ R'(d)=-1500-150d+3000-150d$
$ R'(d)=1500-300d$
- Find $R\left( {3} \right)$ and $R'\left( {3} \right)$. Write a brief interpretation of these results.
$R(3) = (100-5(3))(300+30(3))=(85)(390) = 33150$
$R'(3) = 1500-300(3)=600$
At three \$5 reductions in price, the revenue is \$33,150. At that point the revenue is increasing at a rate of \$600 per $5 decrease in price.
- Use the results above to estimate the total revenue after four $5 reductions in price.
$R(4)\approx R(3)+R'(3)$
33150 + 600 = 33750
The revenue will be approximately \$33,750 after four $5 price reductions.
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