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Differentiation
F.Y.B.COM
SEM I
REFERENCES:
1. V. K. Kapoor, Business Mathematics(Problems & Solutions), Sultan Chand & Sons, 1994.
2. D. C. Sancheti& V. K. Kapoor, Business Mathematics , Sultan Chand & Sons, 2000.
Calculus:
The term calculus literally means ‘pebble’ or a ‘small stone’. The technique of calculus is
widely applied to study those quantitative factors which continuously change in value.
Due to this reason it may be called ‘Calculus’.
Calculus is the branch of mathematics of change, motion and growth in related variables.
It is the science of fluctuations.Therefore, in Economics, Calculus has a role to play when
we consider how the sales is affected when there is change in the price or how the total
cost , price etc.., are affected when there is change in output and so on.
The main two branches of Calculus are :
1) Differential Calculus and
2) Integral Calculus
Differential Calculus:
The technique of differential calculus is applied to measure the rate of change in any
function which is a dependent variable with reference to small changes in independent
variable by finding differentiation of the function. Differentiation is the process of finding
the rate at which a variable quantity is changing.
To express the rate of change in any function, we have the concept of the ‘Derivative’
which involves small change in the dependent variables with reference to a small change
in independent variables. The problem is to find a function derived from the given
relationship between the two variables so as to express the idea of change. This derived
function is called the ‘Derivative’ of a given function.
The process of obtaining the derivative is called ‘Differentiation’. When the function has
a Derivative, it is said to be Differentiable.
Thus
o The marginal cost is the rate of change of total cost with change in quantity
produced.
o The marginal revenue is the rate of change of total revenue with change in
quantity produced.
o The marginal utility is the rate of change of total utility with change in quantity
consumed.
5. Subtraction rule
The derivative of a difference of two functions is equal to the difference of the separate
derivatives.
If 𝑦 = 𝑢 − 𝑣 , where 𝑢and𝑣 are the differentiable functions of 𝑥,
𝑑𝑦 𝑑𝑢 𝑑𝑣
then,𝑑𝑥 = − 𝑑𝑥 .
𝑑𝑥
(Derivative of the first function - Derivative of the second function)
6. Product rule or multiplication rule or derivative of a product
The derivative of the product of two functions is equal to the first function multiplied by
the derivative of the second function plus the second function multiplied by the
derivative of the first function.
If 𝑦 = 𝑢𝑣, where 𝑢and 𝑣 are the differentiable functions of 𝑥, then,
𝑑𝑦 𝑑𝑣 𝑑𝑢
= 𝑢. + 𝑣.
𝑑𝑥 𝑑𝑥 𝑑𝑥
(Derivative of the first function× - Derivative of the second function)
The derivative of a function of 𝑥 is called the first derivative. The first derivative may be
differentiated. The resulting derivative is called the second derivative of the original function
𝑓(𝑥).
𝑑𝑦
If 𝑦 = 𝑓(𝑥) and is also a function of 𝑥, it is differentiated and is called first derivative
𝑑𝑥
𝑑𝑦
and denoted by .
𝑑𝑥
𝑑
The 𝑑𝑥 (𝑦) is differentiated again with respect to 𝑥 it is called second or higher order
𝑑2 𝑦
derivative and is denoted by 𝑑𝑥 2 .
The derivative of the second order derivative is called third derivative.
𝑑3 𝑦 𝑑 𝑑2𝑦 𝑑 𝑑 𝑑𝑦
= ( ) = ( ( ))
𝑑𝑥 3 𝑑𝑥 𝑑𝑥 2 𝑑𝑥 𝑑𝑥 𝑑𝑥
Maximum and minimum are the two key terms in trade, industry and other related economic
activities which influence the decision making process of policy making authorities. These terms
are common in socio-economic life of man.
Every producer tries to obtain maximum production at a minimum cost. Every economic system
aims at attaining maximum returns by investing minimum factors of production. Thus every
producer and consumer tries to know the points where a function attains its maximum or
minimum value.
Due to the importance of maximum and minimum values at every stage of transaction, they
should be measured more scientifically.
Maxima
A continuous function 𝑓(𝑥) is said to reach maximum value at a point where it stops increasing
and starts decreasing. At this point the function attains maxima.
A function 𝑓(𝑥) is said to have a maximum value at 𝑥 = 𝑎 if the function stops to increase and
begins to decrease at 𝑥 = 𝑎.
In other words
A function is said to be maximum at 𝑥 = 𝑎 if its value is maximum in the immediate
neighborhood of 𝑥 = 𝑎.
A continuous function 𝑓(𝑥) is said to reach minimum value at a point where it stops decreasing
and starts increasing. At this point the function attains minima.
A function 𝑓(𝑥) is said to have a minimum value at 𝑥 = 𝑎 if the function stops to decrease and
begins to increase at 𝑥 = 𝑎.
In other words
A function is said to be minimum at 𝑥 = 𝑎 if its value is minimum in the immediate neighborhood
of 𝑥 = 𝑎.
i.e. 𝑓(𝑎) < 𝑓(𝑎 − ℎ)
𝑓(𝑎) < 𝑓(𝑎 + ℎ)
Where ℎ is a small positive number.
The following are necessary and sufficient conditions for a function of 𝑥 to be minimum
at 𝑥 = 𝑎.
(i) 𝑓 ′ (𝑎) = 0 (ii) 𝑓 ′′ (𝑎) > 0
𝑑𝑦 𝜕𝑦 𝑑𝑦 𝜕𝑦 𝑑𝑦 𝜕𝑦 𝑑𝑦 𝜕𝑦 𝑑𝑦 𝜕𝑦 𝑑𝑦
÷÷÷÷÷÷÷÷ × × × × × × × × × × ÷÷÷÷÷÷÷÷
𝑑𝑥 𝜕𝑥 𝑑𝑥 𝜕𝑥 𝑑𝑥 𝜕𝑥 𝑑𝑥 𝜕𝑥 𝑑𝑥 𝜕𝑥 𝑑𝑥
Examples
1. Differentiate the following functions with respect to 𝑥 by using the first principle.
i. 𝑓(𝑥) = 5𝑥 + 7 Ans. 5
2
ii. 𝑓(𝑥) = 3𝑥 + 8 Ans.6𝑥
iii. 𝑓(𝑥) = 9𝑥 3 − 9 Ans.27𝑥 2
iv. 𝑓(𝑥) = 3𝑥 3 − 4𝑥 2 + 5𝑥 − 6 Ans. 9𝑥 2 − 8𝑥 + 5
5+2𝑥 −21
v. 𝑓(𝑥) = 2+5𝑥 Ans. (2+5𝑥)2
3
vi. 𝑓(𝑥) = √3𝑥 + 5 Ans. 2√3𝑥+5
𝑓(𝑥) = 1⁄
−5
vii. Ans. 2(5𝑥+2)3/2
√5𝑥 + 2
−1
viii. ⁄
𝑓(𝑥) = 1 √𝑥 Ans. 2(𝑥)3/2
3
iii.𝑦 = 7𝑥 10 − 9𝑥 5 + 3𝑙𝑜𝑔𝑥 − 5𝑥 − 8𝑒 𝑥 + 7 Ans. 70𝑥9 − 45𝑥4 + − 5𝑥 log 5 − 8𝑒 𝑥
𝑥
1 1 1 −3/4
iv. 𝑦 = 𝑥 1/2 + 𝑥 1/3 + 𝑥 1/4 Ans. 2 𝑥−1/2 + 3 𝑥−2/3 + 4 𝑥
1 1 1 −5/4
v. 𝑦 = 𝑥 −1/2 + 𝑥 −1/3 + 𝑥 −1/4 Ans. − 2 𝑥−3/2 − 3 𝑥−4/3 − 4 𝑥
1 1 1
vi.𝑦 = √𝑥 + Ans. 2 𝑥−1/2 − 2 𝑥−3/2
√𝑥
3𝑥 3 −7𝑥2 +1
vii. 𝑦 = 𝑥4
Ans. −3𝑥 −2 + 14𝑥 −3 − 4𝑥 −5
1 1
𝑥 2 +1+𝑥 5 1 1 2 −17/15
viii. 𝑦 = 1 Ans. 𝑥−5/6 − 𝑥−4/3 − 𝑥
𝑥3 6 3 15
1 1 1
ix. 𝑦 = (√𝑥 + ) (√𝑥 − ) Ans. 1 + 𝑥 2
√𝑥 √𝑥
1 2 1
x. 𝑦 = (√𝑥 + ) Ans. 1 − 𝑥 2
√𝑥
𝑥5 5−𝑥
xiv. 𝑦 = log ( 𝑥 ) Ans.
𝑒 𝑥
𝑒+𝑥
xv. 𝑦 = log(𝑥 𝑒 . 𝑒 𝑥 . 𝑒 𝑒 ) Ans. 𝑥
1
xvi. 𝑦 = log11 𝑥 Ans. 𝑥.log
𝑒 11
1
xvii. 𝑦 = log 𝑎𝑛 𝑥 𝑛 Ans. 𝑥.log 𝑎
iv. 𝑦 = 𝑥 3 . 𝑒 𝑥 Ans. 𝑥 2 . 𝑒 𝑥 (𝑥 + 3)
2+log 𝑥
v. 𝑦 = √𝑥. 𝑙𝑜𝑔𝑥 Ans. 2√𝑥
𝑒𝑥 𝑒 𝑥 (𝑥−1)
i. 𝑦 = Ans.
𝑥 𝑥2
3𝑥 3𝑥 (𝑥.log𝑒 3−3)
ii. 𝑦 = Ans.
𝑥3 𝑥4
𝑒 𝑥 −1 2.𝑒 𝑥
iii. 𝑦 = 𝑒 𝑥 +1 Ans. (𝑒 𝑥 +1)2
𝑎𝑥+𝑏 𝑎𝑑−𝑏𝑐
iv. 𝑦 = 𝑐𝑥+𝑑 Ans. (𝑐𝑥+𝑑)2
𝑒𝑥 𝑒 𝑥 (𝑥−1)2
v. 𝑦 = 1+𝑥2 Ans. (1+𝑥 2 )2
−1
vi. 𝑥𝑦 = 𝑥 + 𝑦 Ans. (𝑥−1)2
𝑒𝑥 𝑒 𝑥 (1−log 𝑎)
vii. 𝑦 = 𝑎𝑥 Ans. 𝑎𝑥
1−𝑥 2 −4𝑥
viii. 𝑦 = Ans. (1+𝑥2 )2
1+𝑥 2
𝑒𝑥
𝑥 2 +𝑒 𝑥 𝑥 2 +𝑥.𝑒 𝑥 +2𝑥.log 𝑥+𝑒 𝑥 .log 𝑥−𝑥−𝑒 𝑥 −
ix. 𝑦 = 𝑥+log 𝑥
Ans. (𝑥+log 𝑥)2
𝑥
5 3𝑥+7 −1
x. 𝑦 = (𝑥 + 𝑥+2) (𝑥 2 +2𝑥+5) Ans. (𝑥+2)2
43
xi. 𝑦𝑥 − 4𝑥 + 9𝑦 + 7 = 0 Ans. (𝑥+9)2
5 −15
xiii. 𝑦 = 1 + 3 Ans. (2𝑥−3)2
2−
𝑥
2.log 𝑥
i. 𝑦 = (log 𝑥)2 Ans. 𝑥
2𝑎𝑥+𝑏
ii. 𝑦= √𝑎𝑥 2 + 𝑏𝑥 + 𝑐 Ans.
2.√𝑎𝑥 2 +𝑏𝑥+𝑐
1 𝑥 2 −1
iii. 𝑦 = log (𝑥 + 𝑥) Ans. 𝑥(𝑥 2 +1)
1+𝑒 𝑥 𝑒𝑥
iv. 𝑦 = √ Ans. 3
1−𝑒 𝑥
√1+𝑒 𝑥 (1−𝑒 𝑥 )2
2 +3𝑥−7 2 +3𝑥−7
v. 𝑦 = 𝑒 5𝑥 Ans. (10𝑥 + 3)𝑒 5𝑥
3 −4𝑥 2 +9𝑥−17 3 −4𝑥 2 +9𝑥−17
vi. 𝑦 = 57𝑥 Ans. (21𝑥 2 − 8𝑥 + 9)57𝑥 . log 5
2𝑥
vii. 𝑦 = 𝑒 𝑥 . log(1 + 𝑥 2 ) Ans. 𝑒 𝑥 (1+𝑥 2 + log(1 + 𝑥 2 ))
1 −(10𝑥 4 −7𝑥 2 )
viii. 𝑦 = 3 Ans. 4
√6𝑥 5 −7𝑥 3 +9 (6𝑥 5 −7𝑥 3 +9)3
2𝑥
ix. 𝑦 = log 3(𝑥 2 + 1) Ans.
log𝑒 3.(𝑥 2 +1)
𝑥2 𝑦2 𝑏2 𝑥
i. − 𝑏2 = 2010 Ans. 𝑎2 𝑦
𝑎2
𝑦
ii. √𝑥 + √𝑦 = √𝑎 Ans. −√𝑥
−𝑦
iii. 𝑒 𝑥𝑦 − 4𝑥𝑦 = 4 Ans. 𝑥
–(2𝑥𝑦 2 +3𝑦)
iv. 𝑥 2 × 𝑦 2 + 3𝑥𝑦 + 𝑦 = 0 Ans.
2𝑥 2 𝑦+3𝑥+1
𝑑2 𝑦
7. Obtain :
𝑑𝑥 2
1 𝑑2 𝑦 𝑑𝑦
(iii) If 𝑦 = 𝑥 3 . log (𝑥), then prove that 𝑥. 𝑑𝑥 2 − 2. 𝑑𝑥 + 3𝑥 2 = 0
𝑥2
15. If the cost function of a commodity is = 60 + 6𝑥 , and demand function of a commodity
is 𝑥 = 400 − 20𝑝 , then how many units should be produced for maximum profit? Also,
find maximum profit. (Ans. 105 Rs.)
𝑥2
16. If the cost function of a commodity is = 5 + 13𝑥 + 500 , and demand function of a
commodity is 5𝑥 = 375 − 3𝑝 , then how many units should be produced for maximum
profit? Also, find maximum profit. (Ans. 30 units, 1180 Rs.)
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IMPORTANT RESULTS
1. For 𝑦 = 𝑓(𝑥); Derivative of 𝑦 with respect to 𝑥 is denoted as
𝑙𝑖𝑚
𝑑𝑦 𝑓(𝑥 + ℎ) − 𝑓(𝑥)
𝑓 ′ (𝑥) = =
𝑑𝑥 ℎ→0 ℎ
𝑑𝑦
2. If 𝑦 = 𝑥 𝑛 , then = 𝑛𝑥 𝑛−1
𝑑𝑥
𝑑𝑦 𝑑
3. If 𝑦 = 𝐶 , where 𝐶 is constant, then = (𝐶) = 0
𝑑𝑥 𝑑𝑥
𝑑𝑦 𝑑 (𝑎𝑥 𝑛 )
4. If 𝑦 = 𝑎𝑥 𝑛 , where ‘a’ is constant and 𝑎 ≠ 0, then 𝑑𝑥 = = 𝑎𝑛𝑥 𝑛−1
𝑑𝑥
𝑑𝑦 𝑑𝑢 𝑑𝑣
5. If 𝑦 = 𝑢 ± 𝑣 , then = ± 𝑑𝑥 . (Addition – subtraction Rule)
𝑑𝑥 𝑑𝑥
𝑑𝑦 𝑑𝑣 𝑑𝑢
6. If 𝑦 = 𝑢𝑣, then 𝑑𝑥 = 𝑢. 𝑑𝑥 + 𝑣. 𝑑𝑥 (Multiplication Rule)
𝑑𝑢 𝑑𝑣
𝑢 𝑑𝑦 𝑣. −𝑢.
7. If 𝑦 = , then 𝑑𝑥 = 𝑑𝑥 𝑑𝑥
(Division Rule)
𝑣 𝑣2
𝑑𝑦 𝑑𝑦 𝑑𝑢
8. If 𝑦 = 𝐹(𝑢), 𝑤ℎ𝑒𝑟𝑒𝑢 = 𝑓(𝑥), then, 𝑑𝑥 = 𝑑𝑢 × 𝑑𝑥 (Chain Rule)
𝑑𝑦 𝑑
9. If 𝑦 = 𝑒 𝑥 , then = (𝑒 𝑥 ) = 𝑒 𝑥
𝑑𝑥 𝑑𝑥
𝑑𝑦 𝑑
a. If 𝑦 = 𝑒 −𝑥 , then 𝑑𝑥 = 𝑑𝑥 (𝑒 −𝑥 ) = −𝑒 −𝑥
𝑑𝑦 𝑑
b. If 𝑦 = 𝑒 𝑎𝑥 , then 𝑑𝑥 = 𝑑𝑥 (𝑒 𝑎𝑥 ) = 𝑎𝑒 𝑎𝑥 ….( a is constant)
𝑑𝑦 𝑑
10. If 𝑦 = 𝑎 𝑥 , then = 𝑑𝑥 (𝑎 𝑥 ) = 𝑎 𝑥 (log𝑎)
𝑑𝑥
𝑑𝑦 𝑑
11. If 𝑦 = 7𝑥 , then𝑑𝑥 = 𝑑𝑥 (7𝑥 ) = 7𝑥 log 7
𝑑𝑦 𝑑 1 log 𝑎
12. If 𝑦 = log 𝑥, 𝑡ℎ𝑒𝑛 𝑑𝑥 = 𝑑𝑥 (log 𝑥) = 𝑥 (change of base rule: log 𝑏 𝑎 = log𝑒 𝑏)
𝑒
14. To find optimum values, of 𝑦 = 𝑓(𝑥), put 𝑓 ′ (𝑥) = 0 and solve it for 𝑥.
say we get 𝑥 = 𝑎.
If 𝑓"(𝑎) < 0; then 𝑓(𝑥) is maximum at 𝑥 = 𝑎 and maximum value = 𝑓(𝑎)
If 𝑓"(𝑎) > 0; then 𝑓(𝑥) is minimum at 𝑥 = 𝑎 and minimum value = 𝑓(𝑎)
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