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3. Maxima and minima of functions of one variable, monotonicity
intervals, concavity, convexity, points of in‡ection
Local minima and maxima of a given function are called extreme points of this
function.
f 0 (x0 ) = 0: (1)
For a given function f the point x0 which satis…es the condition (1) is called a
critical point or a stationary point of f:
A function f may have extreme points only at points x0 where the derivative
of this function equals zero.
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Example 1 Let us consider the following function f (x) = x2 which has a min-
imum value at the point x = 0.
f(x) 4
-4 -2 2 4
x
-2
-4
f (x) = x2
f(x) 4
-4 -2 2 4
x
-2
-4
f (x) = x3
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The condition (1) can be thought as a rule of …nding ’candidates’for the extreme
points.
Example 3 The most frequent use of the derivative occurs in problem where
we have to …nd the ’best’ value of some quantity. Such problems belong to the
part of mathematics known as optimisation.
Suppose that a …rm has cost function C, so that it costs C(q) to produce q units
of its product. Suppose also that the product can be sold at a price P (q) per unit,
depending on the quantity produced. Then the …rm’s revenue from producing q
units is
R(q) = qP (q);
and it pro…t is
(q) = R(q) C(q) = qP (q) C(q):
Clearly, the ’best’ value of q, from the …rm’s point of view, is that which max-
imises the pro…t. For example, suppose that the cost function is
C(q) = 9 + 5q
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sign of f '(x) 4
-4 -2 2 4
x
-2
-4
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WSB University in Poznań Business Mathematics, Poznań 2019
f(x) 4
-4 -2 2 4
x
-2
-4
f (x) = x3 3x2 + 4
x
Example 5 Let us consider the following function f (x) = 1+x2 .
1 + x2 6= 0
x2 6= 1
Df = R
Then we have 0
0
(x) 1 + x2 x 1 + x2
f 0 (x) = 2
(1 + x2 )
1 1 + x2 x 2x 1 + x2 2x2 1 x2
= 2 = 2 = 2
(1 + x2 ) (1 + x2 ) (1 + x2 )
f 0 (x) = 0
1 x2
2 =0
(1 + x2 )
1 x2 = 0
(1 x)(1 + x) = 0
1 x = 0 or 1 + x = 0
x= 1 or x = 1
x = 1 or x = 1 - candidates for local maxima/minima
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sign of f '(x) 4
-4 -2 2 4
x
-2
-4
f(x) 4
-4 -2 2 4
x
-2
-4
x
f (x) = 1+x2
1 x2 6= 0
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(1 x)(1 + x) 6= 0
1 x 6= 0 and 1 + x 6= 0
x 6= 1 and x 6= 1
Df = R n f 1; 1g
Then we have 0 0
0 x3 1 x2 x3 1 x2
f (x) = 2
(1 x2 )
3x2 1 x2 x3 ( 2x) 3x2 3x4 + 2x4
= 2 = 2
(1 x2 ) (1 x2 )
3x2 x4 x2 3 x2
= 2 = 2
(1 x2 ) (1 x2 )
f 0 (x) > 0
x2 3 x2
2 >0
(1 x2 )
2
x2 = 0 or 3 x2 = 0 or 1 x2 = 0
p p
x = 0 or 3 x 3 + x = 0 or 1 x2 = 0
p p
x = 0 or 3 x = 0 or 3 + x = 0 or x = 1 or x = 1
p p
x = 0 or x = 3 or x = 3 or x = 1 or x = 1
sign of f '(x) 4
-4 -2 2 4
x
-2
-4
p p
f 0 (x) > 0 for x 2 3; 1 [ ( 1; 0) [ (0; 1) [ 1; 3
p p
f 0 (x) < 0 for x 2 1; 3 [ 3; +1
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f(x) 4
-4 -2 2 4
x
-2
-4
x3
f (x) = 1 x2
f 0 (x) = 6x5
f 0 (x) = 0
6x5 = 0
x5 = 0
x = 0 - a candidate for local maxima/minima
f 00 (x) = 30x4 , f 00 (0) = 30 04 = 0
f (3) (x) = 120x3 , f (3) (0) = 120 03 = 0
f (4) (x) = 360x2 , f (4) (0) = 360 02 = 0
f (5) (x) = 720x, f (5) (0) = 720 0 = 0
(6) (6)
f (x) = 720, f (0) = 720 < 0
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f(x) 4
-4 -2 2 4
x
-2
-4
f (x) = x6
f 0 (x) = 4x3
f 0 (x) = 0
4x3 = 0
x3 = 0
x = 0 - a candidate for local maxima/minima
f 00 (x) = 12x2 , f 00 (0) = 12 02 = 0
f (3) (x) = 24x, f (3) (0) = 24 0 = 0
f (4) (x) = 24, f (4) (0) = 24 > 0
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f(x) 4
-4 -2 2 4
x
-2
-4
f (x) = x4
x2 + 4 6= 0
x2 6= 4
Df = R
Then 0
0
0 (x) x2 + 4 x x2 + 4
f (x) = 2
(x2 + 4)
1 x2 + 4 x 2x x2 + 4 2x2 4 x2
= 2 = 2 = 2
(x2 + 4) (x2 + 4) (x2 + 4)
f 0 (x) = 0
4 x2
2 =0
(x2 + 4)
4 x2 = 0
(2 x) (2 + x) = 0
2 x = 0 or 2 + x = 0
x = 2 or x = 2 - candidates for local maxima/minima
!0
2
4 x
f 00 (x) = 2
(x2 + 4)
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h i
0 2 2 0
4 x2 x2 + 4 4 x2 x2 + 4
= 4
(x2 + 4)
2 0
2x x2 + 4 4 x2 2 x2 + 4 x2 + 4
= 4
(x2 + 4)
2
2x x2 + 4 4 x2 2 x2 + 4 2x
= 4
(x2 + 4)
2 2
x +4 2x x +4 4 x2 2 2x
= 4
(x2 + 4)
2x x2 + 4 4 x2 4x
= 3
(x2 + 4)
2x 3
8x 16x + 4x 3
2x3 24x 2x x2 12
= 3 = 3 = 3
(x2 + 4) (x2 + 4) (x2 + 4)
2 ( 2) ( 2)2 12 4 ( 8) 4 4 1
f 00 ( 2) = 3 = = 2 = = > 0:
[( 2)2 + 4] 83 8 64 16
Thus, the function f has a local minimum at x = 2, i.e.
2 2 1
fmin ( 2) = = = :
( 2)2 +4 8 4
Furthermore
2 2 22 12 4 ( 8) 4 4 1
f 00 (2) = 3 = = = = < 0:
(22 + 4) 83 82 64 16
1.0
f(x)
0.5
-4 -2 2 4
x
-0.5
-1.0
x
f (x) = x2 +4
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f 0 (x) = 3x2
f 0 (x) = 0
3x2 = 0
x2 = 0
x = 0 - a candidate for local maxima/minima
f 00 (x) = 6x; f 00 (0) = 6 0 = 0
f (3) (x) = 6; f (3) (0) = 6 6= 0
Then by Theorem 7 we obtain: f does not have an extreme point at x = 0.
20
f(x)
15
10
-1 1 2 3 4 5 6
x
f (x) = 0:75x4 + 7x3 21x2 + 24x; x 2 R
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This function has one local minimum, but this local minimum is not a global
minimum. Moreover, this function has two local maxima, but only one of them
is a global maximum of this function.
800
f(x)
700
600
500
400
300
0 5 10 15
x
f (x) = 2x3 45x2 + 300x; x 2 R
This function has one local minimum and one local maximum, but a global
minimum and a global maximum of this function does not exist.
Below we will …nd the global minimum and the global maximum of f . Let us
note that
f ( 3) = 2 ( 3)3 3 ( 3)2 36 ( 3) 8
= 2 ( 27) 3 9 + 108 8
= 54 27 + 100 = 81 + 100 = 19;
f (6) = 2 63 3 62 36 6 8
= 2 216 3 36 216 8
= 432 108 216 8 = 100;
i.e. x = 3 and x = 6 are candidates for the global minimum and the global
maximum of f . Now we will …nd extreme points of f for x 2 ( 3; 6).
f 0 (x) = 6x2 6x 36
f 0 (x) = 0
6x2 6x 36 = 0
x2 x 6=0
2
= ( 1) 4 1 ( 6) = 25 > 0 (two solutions)
p
=5
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5 1 4
x1 = = = 2 2 ( 3; 6)
2 2
1+5 6
x2 = = = 3 2 ( 3; 6)
2 2
x1 ; x2 - candidates for local maxima/minima
0
f 00 (x) = 6x2 6x 36 = 12x 6
00
f ( 2) = 12 ( 2) 6= 24 6= 30 < 0
f has a local maximum at x = 2
3 2
fmax ( 2) = 2 ( 2) 3 ( 2) 36 ( 2) 8
= 2 ( 8) 3 4 + 72 8
= 16 12 + 64 = 36
f 00 (3) = 12 3 6 = 36 6 = 30 > 0
f has a local minimum at x = 3
fmin (3) = 2 33 3 32 36 3 8
= 2 27 3 9 108 8
= 54 27 116 = 89:
Thus
f ( 3) = 19;
f (6) = 100;
fmax ( 2) = 36;
fmin (3) = 89
are candidates for the global minimum and the global maximum of f , but only
and
f (6) = 100 is the global maximum of f:
100
y
50
-4 -3 -2 -1 1 2 3 4 5 6 7
x
-50
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Theorem 8 (Su¢ cient condition for a (strictly) convexity) If f 00 (x) > 0 for
every x 2 (a; b), then f is convex on (a; b).
A (strictly) convex function on [a; b] has the unique global minimum on this
interval.
We will say that a function in convex if this function is convex for every x 2 Df :
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Theorem 9 (Su¢ cient condition for a (strictly) concavity) If f 00 (x) < 0 for
every x 2 (a; b), then f is concave on (a; b).
A (strictly) concave function on [a; b] has the unique global maximum on this
interval.
We will say that a function in concave if this function is concave for every
x 2 Df :
3
Example 14 Let us consider the following function f (x) = x2x+12 . Below we
will …nd intervals on which this function is convex and intervals on which this
function is concave.
x2 + 12 6= 0
x2 6= 12
Df = R
3 0 0
0 x x2 + 12 x3 x2 + 12
f (x) = 2
(x2 + 12)
3x2 x2 + 12 x3 2x 3x4 + 36x2 2x4
= 2 = 2
(x2 + 12) (x2 + 12)
x4 + 36x2
= 2
(x2 + 12)
!0
00 x4 + 36x2
f (x) = 2
(x2 + 12)
h i
0 2 2 0
x4 + 36x2 x2 + 12 x4 + 36x2 x2 + 12
= 4
(x2 + 12)
2 0
4x3 + 72x x2 + 12 x4 + 36x2 2 x2 + 12 x2 + 12
= 4
(x2 + 12)
2
4x3 + 72x x2 + 12 x4 + 36x2 2 x2 + 12 2x
= 4
(x2 + 12)
x2 + 12 4x3 + 72x x2 + 12 x4 + 36x2 2 2x
= 4
(x2 + 12)
4x3 + 72x x2 + 12 x4 + 36x2 4x
= 3
(x2 + 12)
5 3 3
4x + 48x + 72x + 864x 4x5 144x3
= 3
(x2 + 12)
24x3 + 864x 24x x2 36
= 3 = 3
(x2 + 12) (x2 + 12)
f 00 (x) > 0
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24x x2 36
3 >0
(x2 + 12)
3
24x = 0 or x2 36 = 0 or x2 + 12 =0
2
x = 0 or (x 6) (x + 6) = 0 or x + 12 = 0
x = 0 or x 6 = 0 or x + 6 = 0 or x2 = 12
x = 0 or x = 6 or x = 6
40
sign of f ''(x)
20
-40
10
f(x)
5
-12 -10 -8 -6 -4 -2 2 4 6 8 10 12
x
-5
-10
x3
f (x) = x2 +12
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f(x) 4
f(x) 4
2 2
-4 -2 2 4 -4 -2 2 4
x x
-2 -2
-4 -4
f(x) 4
f(x) 4
2 2
-4 -2 2 4 -4 -2 2 4
x x
-2 -2
-4 -4
Example 16 Below we will present graphs of functions which don’t have a point
of in‡ection.
f(x) 4
f(x) 4
2 2
-4 -2 2 4 -4 -2 2 4
x x
-2 -2
-4 -4
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f(x) 4
f(x) 4
2 2
-4 -2 2 4 -4 -2 2 4
x x
-2 -2
-4 -4
f 00 (x0 ) = 0: (2)
A function may have a point of in‡ection only at point which satis…es condition
(2). Condition (2) can be thought as a rule for …nding ’candidates’for points
of in‡ection.
1
Example 17 Let us consider the following function f (x) = 1 x2 .
1 x2 6= 0
(1 x) (1 + x) 6= 0
1 x 6= 0 and 1 + x 6= 0
x 6= 1 and x 6= 1
Df = R n f 1; 1g
0
10 1 x2 1 1 x2
f 0 (x) = 2
(1 x2 )
0 1 x2 1 ( 2x) 2x
= 2 = 2
(1 x2 ) (1 x2 )
!0
2x
f 00 (x) = 2
(1 x2 )
h i
0 2 2 0
(2x) 1 x2 2x 1 x2
= h i2
2
(1 x2 )
2 0
2 1 x2 2x 2 1 x2 1 x2
= 4
(1 x2 )
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2
2 1 x2 2x 2 1 x2 ( 2x)
= 4
(1 x2 )
2
1 x 2 1 x2 2x 2 ( 2x)
= 4
(1 x2 )
2 1 x2 + 8x2 2 2x2 + 8x2 6x2 + 2
= 3 = 3 = 3
(1 x2 ) (1 x2 ) (1 x2 )
Then by Theorem 10 we have
f 00 (x) = 0
6x2 + 2
3 =0
(1 x2 )
6x2 + 2 = 0
6x2 = 2
1
x2 =
3
no solutions
no candidates for a point of in‡ection
If the sign of second derivative of a given function f changes at the point x0 from
positive to negative or from negative to positive then x0 is a point of in‡ection
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of the function f .
sign of f ''(x) 4
-4 -2 2 4
x
-2
-4
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400
f(x)
300
200
100
-1 0 1 2 3 4 5 6
x
f (x) = x4 12x3 + 48x2
f(x) 4
-4 -2 2 4
x
-2
-4
f (x) = x5
Then
f 0 (x) = 5x4
f 00 (x) = 20x3
f 00 (x) = 0
20x3 = 0
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x3 = 0
x = 0 - a candidate for point of in‡ection
f (3) (x) = 60x2 , f (3) (0) = 60 02 = 0
f (4) (x) = 120x, f (4) (0) = 120 0 = 0
f (5) (x) = 120, f (5) (0) = 120 6= 0
x = 0 is a point of in‡ection of the function f
Remark 4 If a function f satis…es the following conditions:
(i) f 00 (x0 ) = 0,
(ii) f (3) (x0 ) 6= 0,
then x0 is a point of in‡ection of the function f .
Example 20 Let us consider the following function f (x) = x99 + x3 . Then
f 0 (x) = 99x98 + 3x2
f 00 (x) = 99 98 x97 + 6x
f 00 (x) = 0
99 98 x97 + 6x = 0
x 99 98 x96 + 6 = 0
x = 0 or 99 98 x96 + 6 = 0
x = 0 or 99 98 x96 = 6
6
x = 0 or x96 = < 0 (no solutions)
99 98
x = 0 - a candidate for point of in‡ection
f (3) (x) = 99 98 97 x96 + 6, f (3) (0) = 6 6= 0
x = 0 is a point of in‡ection of the function f
f(x) 4
-4 -2 2 4
-2 x
-4
f (x) = x99 + x3
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f(x) 4
-4 -2 2 4
x
-2
-4
f (x) = x6
Then
f 0 (x) = 6x5
f 00 (x) = 30x4
f 00 (x) = 0
30x4 = 0
x4 = 0
x = 0 - a candidate for point of in‡ection
f (3) (x) = 120x3 ; f (3) (0) = 120 03 = 0
f (4) (x) = 360x2 ; f (4) (0) = 360 02 = 0
f (5) (x) = 720x; f (5) (0) = 720 0 = 0
f (6) (x) = 720; f (6) (0) = 720 6= 0
x = 0 is not a point of in‡ection of the function f:
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f(x) 4
-4 -2 2 4
x
-2
-4
f (x) = x4
Then
f 0 (x) = 4x3
f 00 (x) = 12x2
f 00 (x) = 0
12x2 = 0
x2 = 0
x = 0 - a candidate for point of in‡ection
f (3) (x) = 24x; f (3) (0) = 24 0 = 0
f (4) (x) = 24; f (4) (0) = 24 6= 0
x = 0 is not a point of in‡ection of the function f:
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