Review the key concepts, formulae, and examples before starting your quiz.
🔑Concepts
The average rate of change of a function over an interval is the gradient of the secant line passing through and .
The instantaneous rate of change of a function at a specific point is the gradient of the tangent line at that point, represented by the derivative or .
In kinematics, if is the displacement at time , then the velocity is the first derivative and the acceleration is the second derivative or .
In economics, marginal cost and marginal revenue are the rates of change (derivatives) of the total cost and total revenue functions with respect to the number of items produced/sold.
The sign of the rate of change indicates direction: a positive rate means the quantity is increasing, while a negative rate means the quantity is decreasing.
📐Formulae
💡Examples
Problem 1:
A ball is thrown upwards, and its height in meters after seconds is given by the function . Find the instantaneous velocity of the ball at seconds.
Solution:
First, find the derivative of the height function to get the velocity function: Now, substitute into the velocity function:
Explanation:
The derivative of displacement (height) gives the velocity. A negative velocity indicates the ball is moving downwards at at that specific moment.
Problem 2:
Find the average rate of change of the function over the interval .
Solution:
Calculate the values of the function at the endpoints of the interval: Use the average rate of change formula:
Explanation:
The average rate of change is the slope of the line connecting the points and on the graph of the function.
Problem 3:
The total cost (in dollars) of producing units is given by . Find the marginal cost when .
Solution:
The marginal cost is the derivative of the cost function : Substitute : The marginal cost is per unit.
Explanation:
The marginal cost represents the approximate cost of producing one additional unit (the 21st unit) when the current production level is 20.