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MAT501: Business Mathematics
Lecture Plan
Lecture 10: (Introduction to Differential Calculus)
Lecture 11-12: (Application to Differential Calculus)
Lecture 13: (Introduction to Integral Calculus)
Lecture 14: (Application to Integral Calculus)
Solved by Dr. Mohammad Osman Gani, Professor, Dept. of Mathematics, Jahangirnagar University 1
Lecture-10
Introduction to Differential Calculus
Calculus is the mathematical tool used to measure changes in physical quantities. Many real-
world problems can be solved using calculus.
!"
• !#
is the change of the dependent variable 𝑦 with respect to (w. r. to) the
change of independent variable 𝑥.
• In a straight line 𝑦 = 𝑚𝑥 + 𝑐, 𝑚 is the slope of the line and
$%&'() +' , .+/) " 1"
𝑚 = $%&'() +' - = .0'
= #! 1#" .
! "
𝑑𝑦
Therefore, for a straight line, slope of the line 𝑚 = 𝑑𝑥 = Marginal Cost
𝑑𝑦
• If total cost, 𝑦 = 𝑚𝑥 + 𝑐, then 𝑚 = 𝑑𝑥
is the Marginal Cost
𝑑𝑦
• For a curve, 𝑑𝑥
at a point is the slope of the tangent line at that point.
Notations:
𝒅
v 𝒅𝒙
means the derivative with respect to 𝑥.
𝒅𝒚
v means the derivative of 𝑦 with respect to 𝑥. It is called first
𝒅𝒙
derivative of 𝑦 with respect to 𝑥.
𝒅
v [𝒇(𝒙)] = 𝒇5 (𝒙).
𝒅𝒙
! 𝑑𝑦 !!"
v . /=
!# 𝑑𝑥 ! 𝑥2
= 𝒇55 (𝒙). It is called second derivative of 𝑦 with respect to 𝑥.
! !!" !#"
v . /=
!# ! 𝑥2 ! 𝑥3
= 𝒇555 (𝒙). It is called third derivative of 𝑦 with respect to 𝑥.
Formulae:
! !
1. (𝑥 6 ) = 𝑛𝑥 617 . For example. (𝑥 8 ) = 5𝑥 817 = 5𝑥4 .
!# !#
! !
2. (𝑐) = 0, where 𝑐 is a constant. Example. (5) = 0
!# !#
! !
3. (𝑘𝑥 6 ) = 𝑘𝑛𝑥 617 . For example. (10𝑥 8 ) = 10 × 5𝑥 817 = 50𝑥4 .
!# !#
! ! !
4. [𝑓(𝑥) ± 𝑔(𝑥)] = [𝑓(𝑥)] ± [𝑔(𝑥)].
!# !# !#
!
For example. (5𝑥4 + 3𝑥2 − 2𝑥 + 7)
!#
! ! ! !
= !# (5𝑥 9 ) + !# (3𝑥 : ) − !# (2𝑥) + !# (7)
Solved by Dr. Mohammad Osman Gani, Professor, Dept. of Mathematics, Jahangirnagar University 2
= 20𝑥3 + 6𝑥 − 2 + 0
= 20𝑥3 + 6𝑥 − 2
! !
5. [𝑓(𝑥)]6 = 𝑛[𝑓(𝑥)]617 . [𝑓(𝑥)]
!# !#
!
For example. !#
(2𝑥 − 7)7;
!
= 10(2𝑥 − 7)< . !# (2𝑥 − 7)
= 10(2𝑥 − 7)< . 2
= 20(2𝑥 − 7)<
! ! !
6. [𝑓(𝑥). 𝑔(𝑥)] = 𝑓(𝑥). [𝑔(𝑥)] + 𝑔(𝑥). [𝑓(𝑥)] (Product rule)
!# !# !#
= 𝑓(𝑥). 𝑔5 (𝑥) + 𝑔(𝑥). 𝑓 5 (𝑥)
= 𝑓𝑔5 + 𝑔𝑓 5
! ! !
Or, [𝑢. 𝑣 ] = 𝑢. [𝑣 ] + 𝑣. [𝑢].
!# !# !#
$ $
! =(#) @(#). [=(#)]1=(#). [@(#)]
7. B C=
!# @(#)
$%
[@(#)]!
$%
(Quotient rule)
$ $
! D E. [D]1D. [E]
Or, !# E
B C= $%
𝑣2
$%
.
Solution.
Exercise. Find 𝑓 5 (𝑥) if 𝑓(𝑥) = (2𝑥 F − 3𝑥2 − 10)9/F . Ans. 8𝑥(𝑥 − 1)(2𝑥 F − 3𝑥2 −
"
10)# .
8; 17;
Example. Find 𝑓 5 (𝑥) if 𝑓(𝑥) = ;.:#H8. [Answer. 𝑓 5 (𝑥) = (;.:#H8)! ].
89
Example. Find 𝑓 5 (1) if 𝑓(𝑥) = 10𝑥 − (8𝑥2H9)"/! . [Answer. 𝑓 5 (1) = 20]
Solved by Dr. Mohammad Osman Gani, Professor, Dept. of Mathematics, Jahangirnagar University 3
ü Page 511 : Problem 1-24 (problem set 7-6)
Find 𝑓 5 (𝑥) if
< 7:
17. 𝑓(𝑥) = (F#18)! . 18. 𝑓(𝑥) = (:#H7;)# .
Solved by Dr. Mohammad Osman Gani, Professor, Dept. of Mathematics, Jahangirnagar University 4
7K 9
23. Find 𝑔5 (2), if 𝑔(𝑥) = 10𝑥 + (8H:#)"/! . 24. Find ℎ5 (3), if ℎ(𝑥) = 7𝑥 + (𝑥217)"/# .
" '
= (𝑥 − 1)(𝑥3 + 2)# (4𝑥2 ) + (𝑥3 + 2)#
"
= (𝑥3 + 2)# (4𝑥3 − 4𝑥2 + 𝑥3 + 2)
"
= (𝑥3 + 2)# (5𝑥3 − 4𝑥2 + 2) (Answer).
8# 78
Question. Find the first derivative of 𝑓(𝑥) = F19#. Answer. (F19#)!
𝑥2 #(<#HK)
Question. Find the first derivative of 𝑓(𝑥) = (F#H:)"/! . Answer. :(F#H:)#/!
.
𝑥3 𝑥2 (7I#H:J)
Question. Find the first derivative of 𝑓(𝑥) = (:#HF)"/# . Answer. F(:#HF)'/#
.
Solved by Dr. Mohammad Osman Gani, Professor, Dept. of Mathematics, Jahangirnagar University 5
5. 𝑓(𝑥) = 𝑥(𝑥 − 1)+ . 6. 𝑓(𝑥) = 𝑥 * (𝑥 + 5), .
.# .$
13. 𝑓(𝑥) = *.0,. 14. 𝑓(𝑥) = ,.01.
. ,.
15. 𝑓(𝑥) = ,0*. #. 16. 𝑓(𝑥) = -/*. #.
. *.
17. 𝑓(𝑥) = . 18. 𝑓(𝑥) = .
(,.0*)%/# (*.0,)%/#
*.0- ,/1.
19. 𝑓(𝑥) = . 20. 𝑓(𝑥) = .
(. # 01)%/$ (. $ 0*)%/$
Lecture:11-12
Applications of Differential Calculus
Stationary point: A stationary point on 𝑓(𝑥) is a point where 𝑓 4 (𝑥) = 0.
Increasing function: A function 𝑓(𝑥) is increasing if 𝑓 4 (𝑥) > 0.
Decreasing function: A function 𝑓(𝑥) is decreasing if 𝑓 4 (𝑥) < 0.
Inflection point: An inflection point is one where the curve changes concavity.
[First Derivative Test] Determination of Maximum and Minimum values of a given function
!"
1. Calculate !# or 𝑓 5 (𝑥), from the given function 𝑦 = 𝑓(𝑥).
!"
2. Set !# = 0, and find the values of 𝑥. Say 𝑥 = 𝑎, 𝑏 and 𝑐.
3. To test at 𝑥 = 𝑎, let us consider two values for 𝑥, 𝑥L (just to the left of 𝑎) and 𝑥M (just
to the right of 𝑎).
4. (i) If 𝑓 5 (𝑥L ) > 0 and 𝑓 5 (𝑥M ) < 0, there is a local maximum point at 𝑥 = 𝑎.
(ii) If 𝑓 5 (𝑥L ) < 0 and 𝑓 5 (𝑥M ) > 0, there is a local minimum point at 𝑥 = 𝑎.
(iii) If 𝑓 5 (𝑥L ) and 𝑓 5 (𝑥M ) are of same sign, then there is a stationary point of
inflection.
5. Similarly we can test for 𝑥 = 𝑏 and 𝑐.
Solved by Dr. Mohammad Osman Gani, Professor, Dept. of Mathematics, Jahangirnagar University 6
[Second Derivative Test] Determination of Maximum and Minimum values of a given function
Working rule for finding the maximum and minimum values of a given function:
dy
Step-I: For the given function y = f (x), find .
dx
dy
Step-II: Put = 0 and find the value or values of 𝑥. Let these are: a , b, c,...
dx
d2y
Step-III: Find .
dx 2
d2y
Step-IV: Put x = a in .
dx 2
d2y
(i) If >0, the function f (x ) has minimum value at x = a and ymin = f (a ).
dx 2
d2y
(ii) If <0, the function f (x ) has maximum value at x = a and ymax = f ( a ).
dx 2
INFLECTION POINT
Inflection points can occur only where the second derivative equals zero. The sign of the first
derivative is immaterial for an inflection point. For an inflection point at a, the conditions are
dy d2y d3y
(i) = 0 (ii) = 0 at x = a. (iii) ¹ 0 at x = a.
dx dx 2 dx 3
Find the coordinates of all local maxima, local minima and stationary inflection points
𝒙𝟑
of 𝒇(𝒙) = 𝟑
+ 𝒙𝟐 − 𝟖𝒙 + 𝟒 by first derivative test.
##
Solution: Given, 𝑓(𝑥) = F
+ 𝑥 : − 8𝑥 + 4
Solved by Dr. Mohammad Osman Gani, Professor, Dept. of Mathematics, Jahangirnagar University 7
\ 𝑓 5 (𝑥) = 𝑥 : + 2𝑥 − 8
Þ 𝑥 : + 2𝑥 − 8 = 0, Þ 𝑥 : + 4𝑥 − 2𝑥 − 8 = 0
For 𝒙 = 𝟐
Let, 𝑥P = 1 be a point on the left side of 𝑥 = 2, and 𝑥Q = 3 be a point on the right side of
𝑥 = 2.
So, at 𝑥 = 2, 𝑓(𝑥) has a minimum value and the minimum value is,
K 7I 7I
𝑓RS6 (2) = F + 4 − 16 + 4 = − F
. So, the coordinate of local minima is .2, − F /.
For 𝒙 = −𝟒
Let, 𝑥P = −5 be a point on the left side of 𝑥 = −4, and 𝑥Q = −3 be a point on the right side
of 𝑥 = −4. Now, 𝑓 5 (𝑥P ) = 𝑓 5 (−5) = (−5): − 10 − 8 = 7 > 0 ,and
So, at 𝑥 = −4, 𝑓(𝑥) has a maximum value and the maximum value is,
64 92
𝑓RT# (−4) = − + 16 + 32 + 4 =
3 3
<:
So, the coordinate of local maxima is .−4, F /.
<: 7I
Answer: Maximum point is .−4, F / and minimum point is .2, − F /. There is no stationary
inflection point.
Question. Find the coordinates of all local maxima, local minima and stationary
𝒙𝟑
inflection points of 𝒇(𝒙) = 𝟑
− 𝒙𝟐 − 𝟑𝒙 + 𝟕 by first derivative test.
Solution: Given,
##
𝑓(𝑥) = F
− 𝑥 : − 3𝑥 + 7
Solved by Dr. Mohammad Osman Gani, Professor, Dept. of Mathematics, Jahangirnagar University 8
\ 𝑓 5 (𝑥) = 𝑥 : − 2𝑥 − 3
Let, 𝑓 5 (𝑥) = 0
Þ 𝑥 : − 2𝑥 − 3 = 0
Þ 𝑥 : − 3𝑥 + 𝑥 − 3 = 0
Þ 𝑥(𝑥 − 3) + (𝑥 − 3) = 0
Þ (𝑥 − 3)(𝑥 + 1) = 0
\ 𝑥 = 3, −1
For 𝒙 = 𝟑,
Let, 𝑥P = 2 be a point on the left side of 𝑥 = 3, and 𝑥Q = 4 be a point on the right side of
𝑥 = 3.
So, at 𝑥 = 3, 𝑓(𝑥) has a minimum value and the minimum value is,
:J
𝑓RS6 (3) = F
− 9 − 9 + 7 = −2
For 𝑥 = −1
Let, 𝑥P = −2 be a point on the left side of 𝑥 = −1, and 𝑥Q = 0 be a point on the right side
of 𝑥 = −1
So, at 𝑥 = −1, 𝑓(𝑥) has a maximum value and the maximum value is,
1 26
𝑓RT# (−1) = − − 1 + 3 + 7 =
3 3
:I
So, the coordinate of local maxima is .−1, F /.
Solved by Dr. Mohammad Osman Gani, Professor, Dept. of Mathematics, Jahangirnagar University 9
:I
Answer: Maximum point is .−1, / and minimum point is (3, −2). There is no
F
stationary inflection point.
Question. Find the coordinates of all local maxima, local minima and stationary
inflection points of 𝒇(𝒙) = 𝒙𝟑 − 𝟔𝒙𝟐 + 𝟏𝟐𝒙 − 𝟑 by first derivative test.
Þ 𝑥 : − 4𝑥 + 4 = 0, Þ 𝑥 : − 2. 𝑥. 2 + 2: = 0 Þ (𝑥 − 2): = 0 \ 𝑥 = 2
For 𝒙 = 𝟐
Let, 𝑥P = 1 be a point on the left side of 𝑥 = 2, and 𝑥Q = 3 be a point on the right side of
𝑥 = 2.
Since, 𝑓 5 (𝑥P ) = 𝑓 5 (𝑥Q ). So, at 𝑥 = 2, 𝑓(𝑥) does not have any local extremum.
But, 𝑓 5 (𝑥P ) > 0 and 𝑓 5 (𝑥Q ) > 0. So, at 𝑥 = 2, there is an inflection point.
So, the coordinate of the inflection point is (2, 5) but no local maxima and no local
minima.
Question. Find the coordinates of all local maxima, local minima and stationary
inflection points of 𝒇(𝒙) = 𝒙𝟑 − 𝟑𝒙𝟐 + 𝟑𝒙 + 𝟓 by first derivative test.
Answer. There is a stationary inflection point at (1, 6), with no local maxima and no
local minima.
Solved by Dr. Mohammad Osman Gani, Professor, Dept. of Mathematics, Jahangirnagar University 10
ü Page 544 : Example problem
Answer. (a) Local maximum at (5, 100). (b) Local minimum at (9, 11).
Question. Determine all local optimum points and all inflection points of
put, 𝑓 5 (𝑥) = 0
Þ 5𝑥 F + 2𝑥 : − 3𝑥 = 0
Þ 𝑥(5𝑥 : + 2𝑥 − 3) = 0
Þ 𝑥(5𝑥 : + 5𝑥 − 3𝑥 − 3) = 0
For 𝒙 = 𝟎
So, 𝑓(𝑥) has a maximum value at 𝑥 = 0 and the maximum value is 𝑓RT# (𝑥) = 𝑓(0) = 1
For 𝒙 = −𝟏
Solved by Dr. Mohammad Osman Gani, Professor, Dept. of Mathematics, Jahangirnagar University 11
So, minimum point is (−1, −10).
𝟑
For 𝒙 =
𝟓
F F : F :KK
𝑓 55 (𝑥) = 𝑓 55 .8/ = 180. .8/ + 48. .8/ − 36 = 8
> 0, which is a positive number. So,
F
𝑓(𝑥) has a minimum value at 𝑥 = 8 and the minimum value is
3 3 9 3 F 3 : 226
𝑓RS6 (𝑥) = 𝑓 | } = 15. | } + 8. | } − 18 | } + 1 = −
5 5 5 5 125
F ::I
So, minimum point is .8 , − 7:8/.
Here,
\absolute minimum point is (−1, −10) 3
𝑓 555 |− } = −168 ≠ 0
Inflection point: Let, 𝑓 55 (𝑥) = 0 5
Þ 15𝑥 : − 5𝑥 + 9𝑥 − 3 = 0
Þ 5𝑥(3𝑥 − 1) + 3(3𝑥 − 1) = 0
Þ (3𝑥 − 1)(5𝑥 + 3) = 0
F 7
\𝑥 = − 8 , F
1 1 9 1 F 1 : 14
𝑓 | } = 15. | } + 8. | } − 18. | } + 1 = −
3 3 3 3 27
7 79
So, an inflection point is .F , − :J/.
3 3 9 3 F 3 : 658
𝑓 |− } = 15. |− } + 8. |− } − 18. |− } + 1 = −
5 5 5 5 125
F I8K
So, another inflection point is .− 8 , − 7:8/.
7 79 F I8K
Inflection points: .F , − :J/ , .− 8 , − 7:8/.
Solved by Dr. Mohammad Osman Gani, Professor, Dept. of Mathematics, Jahangirnagar University 12
ü Page 549 : Problem 13, Problem 17
Question. Determine all local optimum points and all inflection points of
𝒇(𝒙) = 𝒙𝟑 − 𝟔𝒙𝟐 + 𝟗𝒙 + 𝟏.
\𝑓 555 (𝑥) = 6.
Let, 𝑓 5 (𝑥) = 0
Þ 3𝑥 : − 12𝑥 + 9 = 0 Þ 𝑥 : − 4𝑥 + 3 = 0
Þ 𝑥 : − 3𝑥 − 𝑥 + 3 = 0
For 𝒙 = 𝟑
𝑓 55 (𝑥) = 𝑓 55 (3) = 6.3 − 12 = 6 > 0, which is a positive number. So, 𝑓(𝑥) has a minimum
value at 𝑥 = 3, and the minimum value is 𝑓RS6 (𝑥) = 𝑓(3) = 3F − 6.3: + 9.3 + 1 = 1.
For 𝒙 = 𝟏
𝑓 55 (1) = 6.1 − 12 = −6 < 0, which is a negative number. So, the function has a
maximum value at 𝑥 = 1, and the maximum value is 𝑓RT# (𝑥) = 𝑓(1) = 1F − 6.1: +
9.1 + 1 = 5.
Inflection point:
Here,
55 (𝑥)
Let, 𝑓 =0
𝑓 555 (2) = 6 ≠ 0
Þ 6𝑥 − 12 = 0
Þ𝑥−2=0\𝑥 =2
Solved by Dr. Mohammad Osman Gani, Professor, Dept. of Mathematics, Jahangirnagar University 13
So, the inflection point is (2, 3).
Answer: Maximum point (1,5). Minimum point (3, 1). Inflection point (2, 3).
Question. Determine all local optimum points and all inflection points of
Question No.6:
When x gallons of olive oil are produced, the average cost per barrel is 𝑨(𝒙), where
𝟒𝟎𝟎𝟎
𝑨(𝒙) = 𝟎.𝟏𝒙H𝟐𝟎 + 𝟎. 𝟐𝟓𝒙, 𝒙 > 𝟎.
(a) Find the value of x that minimizes average cost per barrel.
Solution:
(a) Given,
4000
𝐴(𝑥) = + 0.25𝑥, 𝑥>0
0.1𝑥 + 20
= 4000(0.1𝑥 + 20)17 + 0.25𝑥
400
=− + 0.25
(0.1𝑥 + 20):
Let, 𝐴5 (𝑥) = 0
9;; 9;;
Þ − (;.7#H:;)! + 0.25 = 0 Þ (;.7#H:;)! = 0.25
;.:8 7 7 :
Þ (0.1𝑥 + 20)1: = 9;;
= 7I;; = .9;/
Solved by Dr. Mohammad Osman Gani, Professor, Dept. of Mathematics, Jahangirnagar University 14
7 :
Þ (0.1𝑥 + 20)1: = .9;/
7 7
Þ (0.1𝑥 + 20)17 = .9;/ (by taking square root on both sides)
7 7
Þ ;.7#H:; = 9; Þ 0.1𝑥 + 20 = 40 Þ 0.1𝑥 + 20 = 40
\ 𝑥 = 200.
Now,
(8.200) + 1600 1
𝐴55 (200) = = > 0, which is positive.
(20 + 20)9 800
(b)
4000
= + 50
40
= 150
(Answer)
(a) Find the value of 𝒚 that minimizes average cost per barrel. [Ans. 𝒚 = 𝟒𝟎𝟎
barrels]
(b) Compute the minimum average cost per barrel. [Ans. $164 per barrel]
*155
Solution: (a) Given, 𝐴(𝑦) = 5.5+708 + 0.16𝑦
Solved by Dr. Mohammad Osman Gani, Professor, Dept. of Mathematics, Jahangirnagar University 15
∴ 𝐴44 (𝑦) = −100 (−2)(0.04𝑦 + 9)/, (0.04) = 8(0.04𝑦 + 9)/, .
- *
⇒(0.04𝑦 + 9)/* = A*1B
-
⇒(0.04𝑦 + 9)/- = *1
- -
⇒5.5+708 = *1 ⇒0.04𝑦 + 9 = 25
-9
⇒0.04𝑦 = 25 − 9 ⇒𝑦 = 5.5+ ∴ 𝑦 = 400 barrels.
K
Now, ∴ 𝐴55 (400) = 8(0.04 × 400 + 9)1F = 8(25)1F = , which is positive.
78I:8
(b) So, the minimum average cost per barrel is, A (400)= *155
min + 0.16(400)
5.5+(+55)08
2500
= + 64 = $164 per barrels.
25
Question-2: When 𝒙 gallons of olive oil are produced the average cost per barrel is
𝟒𝟎𝟎𝟎
𝑨(𝒙), where 𝑨(𝒙) = 𝟎.𝟏𝒙H𝟐𝟎 + 𝟎. 𝟐𝟓𝒙, 𝒙 > 𝟎.
(a) Find the value of 𝒙 that minimizes average cost per barrel. [Ans. 𝒙 = 𝟐𝟎𝟎
barrels]
(b) Compute the minimum average cost per barrel. [Ans. $150 per barrel]
+555
Solution: Given, 𝐴(𝑥) = 5.-.0*5 + 0.25𝑥
- - *
⇒(0.1𝑥 + 20)/* = -955 ⇒(0.1𝑥 + 20)/* = A+5B
- - -
⇒(0.1𝑥 + 20)/- = +5 ⇒ 5.-.0*5 = +5
Solved by Dr. Mohammad Osman Gani, Professor, Dept. of Mathematics, Jahangirnagar University 16
⇒0.1𝑥 + 20 = 40 ⇒ 0.1𝑥 = 40 − 20
*5
⇒𝑥 = 5.- ∴ 𝑥 = 200 barrels.
80 1
∴ 𝐴44 (𝑥) = 80(0.1 × 200 + 20)/, = = > 0.
6400 80
(b) So, the minimum average cost per barrel is, A (200)= +555
min + 0.25(200)
5.-(*55)0*5
4000
= + 50 = $150 per barrels.
40
Question-3: Profit realized when 𝒙 thousands gallons of antifreeze are produced and
solid is 𝑷(𝒙) thousand dollars, where 𝑷(𝒙) = (𝟏𝟎𝟎 + 𝟏𝟎𝒙)𝟏/𝟐 − 𝟎. 𝟐𝒙.
(a) Find the value of 𝒙 that leads to maximum profit. [Ans. 𝒙 = 𝟓𝟐. 𝟓 thousand
gallons]
(b) Compute the maximum profit. [Ans. $14.5 thousand]
%
Solution: P(x) = (100 + 10x)# − 0.2x
%
-
∴ P4 (x) = (100 + 10𝑥)/# (10) − 0.2
*
-
= 5(100 + 10𝑥)/* − 0.2
𝑃4 (𝑥) = 0
%
⇒5(100 + 10𝑥)/# − 0.2 = 0
%
⇒5(100 + 10𝑥)/# = 0.2
%
-
⇒(100 + 10𝑥)/# =
*1
- -
⇒ = *1
√-550-5.
⇒√100 + 10𝑥 = 25
⇒10𝑥 = 525
(b)
%
Pmax(52.5)= T100 + 10(52.5)U# − 0.2(52.5)
Solved by Dr. Mohammad Osman Gani, Professor, Dept. of Mathematics, Jahangirnagar University 17
= 25 − 10.5
= $14.5 thousand.
Question-4: The output of a chemical process that is applied for 𝒕 hours is 𝒌(𝒕)
hundreds of pounds, where 𝒌(𝒕) = (𝟔 + 𝟎. 𝟑𝒕)𝟏/𝟐 − 𝟎. 𝟎𝟓𝒕.
3 -
= (6 + 0.3𝑡)/* − 0.05
20
$
, - 8
k 44 (t) = = *5 A− *B (6 + 0.3𝑡)/# (0.3) = − +55 (6 + 0.3𝑡)/,/* , which is always negative.
% %
, -
⇒ (6 + 0.3𝑡)/# = 0.05 ⇒(6 + 0.3𝑡)/# =
*5 ,
- -
⇒ =, ⇒√6 + 0.3𝑡 =3
√905.,<
⇒6 + 0.3𝑡 = 3* ⇒0.3𝑡 = 9 − 6
,
⇒𝑡 = 5., ∴ 𝑡 =10 hours.
%
-
(b) kmax(10)= T6 + 0.3(10)U# − 0.05(10) = 3 − = 2.5 hundred pounds.
*
Solved by Dr. Mohammad Osman Gani, Professor, Dept. of Mathematics, Jahangirnagar University 18
Lecture-13
Introduction to Integral Calculus
Now the basic question is where this 𝐶 comes from? Let us try to get the
answer of this question.
! !
Since (𝑥) = 1 and (𝑥 + 𝐶) = 1 , That is reason we need to add an
!# !#
integration constant after the integration. i.e., ∫(1) 𝑑𝑥 = 𝑥 + 𝐶.
2. ∫ 1 𝑑𝑥 = 𝑥 + 𝐶.
3. ∫ 𝑘𝑑𝑥 = 𝑘𝑥 + 𝐶.
4. ∫ 𝑘𝑓(𝑥)𝑑𝑥 = 𝑘 ∫ 𝑓(𝑥)𝑑𝑥.
Solved by Dr. Mohammad Osman Gani, Professor, Dept. of Mathematics, Jahangirnagar University 19
1. ∫ 𝑑𝑥. 2. ∫ 𝑑𝑧. 3. ∫ 5 𝑑𝑦.
89 8:
19. ∫ $ . 20. ∫ ' . 21. ∫(5 − 2𝑦 74 ) 𝑑𝑦.
9 :
; 3
22. ∫(7 − 3𝑥 75 ) 𝑑𝑥. 23. ∫(2𝑥 − : # + 1) 𝑑𝑥. 24. ∫(𝑦 + 9$ + 1) 𝑑𝑦.
; 3 3 ;
28. ∫ 5𝑦 74/3 𝑑𝑦. 29. ∫(2 − : # − 4: (/' 1) 𝑑𝑥. 30. ∫(2𝑥 − : $ − 5: )/$) 𝑑𝑥.
31. ∫ 12(𝑥 3 + 𝑥 4 ) 𝑑𝑥. 32. ∫ 3(𝑥 3 + 2𝑥) 𝑑𝑥. 33.∫ 16(2𝑥 − 9)4 𝑑𝑥.
34.∫ 30(3𝑥 + 5)6 𝑑𝑥. 35.∫(3𝑥 − 9)73 𝑑𝑥. 36.∫(2𝑥 + 3)75 𝑑𝑥.
8: 8> @ 8:
37. ∫ (674:)%/#. 38. ∫ (?73>)$. 39. ∫ (3:A6)%/$.
;3 8:
40. ∫ (4:7?)%/#.
< I F
4. ∫1F 3𝑥 𝑑𝑥 5. ∫: (𝑥 + 1) 𝑑𝑥 . 6. ∫17(2𝑥 − 1) 𝑑𝑥
K < :
7. ∫; 𝑥 :/F 𝑑𝑥 . 8. ∫; 𝑥 7/: 𝑑𝑥 . 9. ∫7 (𝑥 : − 3𝑥 + 5) 𝑑𝑥 .
Solved by Dr. Mohammad Osman Gani, Professor, Dept. of Mathematics, Jahangirnagar University 20
F < "
K "
10. ∫; (𝑥 : + 5𝑥 − 2) 𝑑𝑥 . 11. ∫7 (5 + 𝑦 1! ) 𝑑𝑦. 12. ∫7 (1 + 2𝑦 1# ) 𝑑𝑦.
I K I I;!#
13. ∫: (2𝑥 − 3)7/: 𝑑𝑥 . 14. ∫7 (5𝑥 − 4)17/: 𝑑𝑥 . 15. ∫7 .
(F#H:)!
I :; Z !
16. ∫; (9#H7)#/!
𝑑𝑥 . 17. ∫T 3𝑥 : 𝑑𝑥 . 18. ∫[ 4𝑥 F 𝑑𝑥 .
6 7
19. ∫7 (𝑥 + 1) 𝑑𝑥 . 20. ∫6 (2𝑥 − 1) 𝑑𝑥 .
Solutions:
F
F 𝑥3 𝑥2 33 32 87
10. ∫; (𝑥 : + 5𝑥 − 2) 𝑑𝑥 = ” + 5. : − 2𝑥” = . F + 5. : − 2.3/ − (0) = (Ans.)
F ; :
I I
I I;!# (F#H:)B!2" 7 7 7 719
15. ∫7 (F#H:)!
= 60 ” (1:H7)(F) ” = −20 ”F#H:” = −20 .:; − 8/ = −20 . :; / = 3 (Ans.)
7 7
I I
I :; (9#H7)B#/!2" 7 7 718
16. ∫; (9#H7)#/!
𝑑𝑥 = 20 ” (1F/:H7)(9) ” = −10 ” ” = −10 .8 − 1/ = −10 . 8
/=8
7 √9#H7 ;
(Ans.)
Lecture-14
Applications of Integral Calculus
(a) Compute the total amount of coal the country will consume in the
next ten years.
(b) How much coal will be consumed in the following ten years, that is,
during the second decade from now?
(c) If the total supply of coal available to the country now and in the
future is 2500 million tons, how long will it be until the total supply is
exhausted?
Solution. (a) The total amount of coal the country will consume in the next
7;
ten years is = ∫; (20 + 1.2𝑡)𝑑𝑡 =260 million tons.
Solved by Dr. Mohammad Osman Gani, Professor, Dept. of Mathematics, Jahangirnagar University 21
(b) The coal will be consumed in the following ten years, that is, during the
:;
:; ]!
second decade from now is = ∫7; (20 + 1.2𝑡)𝑑𝑡 = ”20𝑡 + 1.2( : )”
7;
:;
= |20𝑡 + 0.6𝑡 : |7; = [20(20) + 0.6(400)] − [20(10) + 0.6(100)]
(c) Let 2500 million tons coal will last 𝑇 years. So we have
^
∫; (20 + 1.2𝑡)𝑑𝑡 =2500
⇒ 6𝑇 : + 200𝑇 − 25000 = 0
⇒ 3𝑇 : + 100𝑇 − 12500 = 0
∴ 𝑇 = 50 years.
^
⇒ š(2𝑡 + 9)F/: š; = 189 ⇒ (2𝑇 + 9)F/: − (9)F/: = 189
⇒ 2𝑇 + 9 = (216):/F = 6: = 36
⇒ 2𝑇 = 36 − 9 = 27
Solved by Dr. Mohammad Osman Gani, Professor, Dept. of Mathematics, Jahangirnagar University 22
Question#6. At time 𝑡 years, sales of a currently new product are expected
to be
10
(0.5𝑡 + 16)7/:
million dollars per year. How many years will it take for total sales to
amount to $40 million?
" ^ " ^
(;.8]H7I)B!2" (;.8]H7I)!
⇒™ " ™ =4 ⇒™ " " ™ =4
(1 H7)(;.8) ( )( )
! ; ! ! ;
"
⇒ (0.5𝑇 + 16)! = 5 ⇒ 0.5𝑇 + 16 = 25
20
(0.5𝑡 + 9)7/:
thousand per year. What will total population be 14 years from now?
Solved by Dr. Mohammad Osman Gani, Professor, Dept. of Mathematics, Jahangirnagar University 23
:; 14
= 100 + (;.8)(7/:) š(0.5𝑡 + 9)7/: š = 100 + 80[4 − 3] = 180 thousand
0
Formulae:
1. ∫ 𝑒 ! 𝑑𝑥 = 𝑒 ! + 𝑐
"!#$ % 789:
2. ∫𝑒 𝑑𝑥 =
"
+ 𝑐 , 𝑚 ≠ 0.
&8
3. ∫ 𝑎 ! 𝑑𝑥 = +𝑐
'(&
&789:
4. ∫ 𝑎"!#$ 𝑑𝑥 = "('(&)
+ 𝑐 , 𝑚 ≠ 0.
1
Question. Evaluate ∫2 (6)+.0! 𝑑𝑥. [Ans. 33.487.]
1 -;.=84 . (+.0)(1)
Solution. ∫ (6)+.0! 𝑑𝑥 == = = 36 − 6(+.0)(2) 5
2 ('(-)(+.0) 2 +.34033
1 30
= (62 − 6. ) = = 33.49.
0.89588 0.89588
Solved by Dr. Mohammad Osman Gani, Professor, Dept. of Mathematics, Jahangirnagar University 24
Question#17. The total supply of a fuel available now and in the future is
1000 million barrels. At time 𝑡 years from now, fuel will be consumed at the
rate of
10𝑒 ;.;8]
million barrels per year.
(a) How much fuel will be consumed in the next 20 years? [Ans. 343.656
million barrels]
(b) How long will the supplies of fuel last? [Ans. 35.835 years]
Solution. (a) The total amount of fuel will be consumed in the next 20 years
:;
:; 𝑒0.05𝑡 7;
= ∫; 10𝑒 ;.;8] 𝑑𝑡 = ”10 ;.;8 ” = ;.;8 J𝑒 ;.;8(:;) − 1K = 200J𝑒 ;.;8(:;) − 1K=343.656
;
million barrels.
(b) Let 1000 million barrels fuel will last 𝑇 years. So we have
^ ^
∫; 10𝑒 ;.;8] 𝑑𝑡 = 1000 ⇒ ∫; 𝑒 ;.;8] 𝑑𝑡 = 100
^
_ C.CEF
⇒ ” ;.;8 ” = 100 ⇒ 𝑒 (;.;8)(^) − 1 = 5
;
⇒ 𝑒 (;.;8)(^) = 6 ⇒ ln 𝑒 (;.;8)(^) = ln 6
`' I
⇒ (0.05)(𝑇) ln 𝑒 = ln 6 ⇒ 𝑇 = ;.;8=35.835 years
(a) Find total maintenance cost for the next 10 years? [Ans. $183.831
thousand]
(b) How long will it take for total maintenance cost to reach $300 thousand?
[Ans. 13.733 years]
Solved by Dr. Mohammad Osman Gani, Professor, Dept. of Mathematics, Jahangirnagar University 25
Question#19. At time 𝑡 years, interest on a bank account is at the rate of
600𝑒 ;.;I]
dollars per year.
(a) What will be total interest accumulation in 12 years? [Ans. $10544.33]
(b) How long will it take for total interest accumulation to reach $5000?
[Ans. 6.758 years ]
8
Solution. The total sales of wheat in the next five years= ∫; (5 + 15𝑒−0.2𝑡 )𝑑𝑡
15 −0.2𝑡 8
= •5𝑡 + 𝑒 • = |5𝑡 − 75𝑒−0.2𝑡 |8; = J5(5) − 75𝑒−0.2(5)K − J5(0) − 75𝑒−0.2(0) K
−0.2 ;
J8 J8
= 25 − _
− 0 + 75 = 100 − _
= 72.409 million pounds (Ans.)
Solved by Dr. Mohammad Osman Gani, Professor, Dept. of Mathematics, Jahangirnagar University 26
CONSUMER’S SURPLUS
Suppose P = f (x ) = D(x ) be the demand function for a commodity, where P is the price which the
consumer is willing to pay, and x is the quantity of the
commodity. Obviously this function is the decreasing
function because as P increases, the quantity x is which
the consumer is willing tobuy decreases. If p 0 is the
market price and x 0 is the corresponding market
demand for the commodity, then the consumer
expenditure will be X 0 P0 . Now Consumer who would be
willing to pay more than P0 (it is also the price
Fig: Consumer’s
at which producer is willing to sell) will gain. The total expenditure Surplus for buying the
of the consumer
x0
quantity x is
ò g(x )dx .
0
The net gain to consumer is represented by the area below the demand curve and above the line
p = p 0 . This area is called the consumer’s surplus. In other words, consumer’s surplus is the amount
which a consumer is willing to pay for a commodity rather than go without it, minus what he would
have to pay actually for it at the market price. CS is evaluated as:
x0 x0
Consumer’s surplus= ò f (x) dx - p x = ò D(x) dx - p x
0
0 0
0
0 0
Remarks:
1. under pure competition, the price P0 is determined by equating the demand and supply functions and from
this relation the demand x 0 is calculated.
2. under monopoly, the price P0 is determined by the relation MR = MC. From this price value P0 , we
obtain the corresponding value of x 0 and then the consumer’s surplus is calculated in the usual way.
Problem-13: The demand law for a commodity is P = 20 - q - q 2 . Find the consumer’s surplus
when the demand is 3.
Solution: Here p = f (q ) = 20 - q - q 2
When the demand q0 = 3,the price p0 = 20 - 3 - (3)2 = 8
q0 3
\ Consumer’s surplus = ò (q )dq - p0 q0 = ò (20 - q - q ) dq - (8 ´ 3)
2
0 0
Solved by Dr. Mohammad Osman Gani, Professor, Dept. of Mathematics, Jahangirnagar University 27
3
é q 2
q ù 3
é (3)2 (3)3 ù 45
=
ê20q - 2 -
ú - 24 = ê 20 ´ 3 -
ë
- ú
û
- 24 = [Ans]
ë û0
2 3 2
3
Problem-14: The quantity sold and the corresponding price, under a monopoly are determined by the
demand function p = 25 - x 2 and the marginal cost MC = 15 + x in such a way as to maximize
profit. Determine the corresponding consumer’s surplus.
ò (25 - x ) dx - p x = ò (25 - x ) dx - 3 ´ 9
5 200
\Consumer’s Surplus = 2
0 0
2
0 0
5/
é x3 ù
3
é æ 5 ö 1 æ 5 ö 3 ù 1000 250
1000
ê
= 25 x -
ú - = ê25ç ÷ - ç ÷ ú - = [Ans.]
27 êë è 2 ø 3 è 3 ø úû 27 81
ë 3 û
0
PRODUCER’S SURPLUS
Suppose p = g (x ) = s(x) be the supply function for a commodity. If p 0 is the market price and x 0 is
the corresponding market supply for the commodity, then
the producer’s revenue will be x 0 p 0 . Now producer who
would be willing to supply the commodity below the
market price p 0 (it is the price at which consumers is
willing to buy) will earn the revenue as shown in
figure. The total revenue of the producer for supplying the
x0
quantity x is
ò g(x )dx.
0
The net revenue to producer is represented by the area above the supply curve and below the line
p = p0. This area is called the producer’s surplus and PS is evaluated as:
Solved by Dr. Mohammad Osman Gani, Professor, Dept. of Mathematics, Jahangirnagar University 28
x0 x0
Producer’s surplus = p0 x0 - ò f (x ) dx = x
0
0 p0 - ò S (x ) dx
0
Problem-15: If the supply law is p = (x + 2 ) and the price is fixed as p0 = 25, find the producer’s
2
surplus.
Solution: Given p = (x + 2 )2 and p0 = 25.
é (x + 2)3 ù
x0 3 3
Producer’s surplus = x 0 p 0 - ò (x + 2 ) dx = 3 ´ 25 - ò (x + 2 ) dx = 75 - ê
2 2
ú
0 0 ë 3 û0
125 8
= 75 - + = 36 [Ans.]
3 3
Problem-16: If the supply curve is p = 10 + x and the quantity sold in market is 6 units, find the
producer’s surplus.
Solution: Given p = 10 + x
If x 0 = 6, then p0 = 10 + 6 = 4
\ x 0 = 6 and p0 = 4
x0 6
Hence producer’s surplus, PS = x0 p0 - ò p(x)dx = 6 ´ 4 - ò
0 6
10 + x dx
é (10 + x )3 / 2 ù
6
= 24 - ê
2
[
ú = 24 - (16 ) - (10 ) = 2.42
3/ 2 3/ 2
] [Ans.]
ë 3 / 2 û0 3
Problem-17: Determine consumer surplus and producer surplus under pure competition for the
x2
demand function p = 36 - x 2 and supply function p = 6 + , where p is the price and x is quantity.
4
Solution: Under pure competition, market equilibrium conditions can be obtained by equating the
demand and supply. \Demand = Supply
x2 5x 2 30 ´ 4
Þ 36 - x 2 = 6 + Þ = 30 Þ x 2 = = 24 Þ x = 2 6 = x0
4 4 5
( ) 2
\ p0 = 36 - 2 6 = 36 - 24 = 12
x0 2 6
Consumer’s Surplus (CS ) = D( x ) dx - p0 x0 =
ò ò (36 - x ) dx - 2 6 ´12
2
0 0
2 6
é x3 ù
= ê36 x - ú - 24 6 = 72 6 - 16 6 - 24 6 = 32 6
ë 3 û0
x0 2 6
æ x2 ö
Producer’s Surplus = p0 x0 - S ( x ) dx = 2 6 ´ 12 -
ò0
ò0
çç 6 + ÷÷dx
è 4ø
Solved by Dr. Mohammad Osman Gani, Professor, Dept. of Mathematics, Jahangirnagar University 29
2 6
é x3 ù
= 24 6 - ê6x + ú = 24 6 - 12 6 - 4 6 = 8 6 [Ans.]
ë 12 û 0
Problem-18: Find the consumer surplus and producer surplus under pure competition for demand
8 1
function p = - 2 and supply function p = (x + 3), where p is price and x is quantity.
x +1 2
Solution: Under pure competition, market equilibrium conditions can be obtained by equating the
demand and supply.
8 1
\ - 2 = (x + 3) Þ 16 - 4(x + 1) = (x + 3) (x + 1)
x +1 2
Þ 16 - 4x - 4 = x 2 + 4x + 3 Þ x 2 + 8x - 9 = 0 Þ (x + 9) (x -1) = 0 \ x = 1or x = -9
But x ¹ -9 as quantity cannot be negative. \ x = 1
1 1
When x = 1, p = (x + 3) = (1 + 3) = 2.
2 2
x0 1
Consumer surplus = D(x ) dx - p0 x0 = ç
æ 8 ö
ò
0
ò è x + 1 - 2 ÷ødx - 1´ 2
0
y = 2x 2 + 4 respectively. Find the market price, consumer’s surplus and producer’s surplus.
Solution: Demand function: y = 16 - x 2 ...(1)
Supply function: y = 2x 2 + 4 ...(2)
Subtracting (1) from (2), we have
0 = 12 - 3x 2 Þ x = 2 = x0
When x = 2, y = 16 - (2)2 = 12 = y0
Thus when the quantity demanded or supplied is 2 units, the price is 12 units.
2
Consumer’s surplus = ò (16 - x ) dx - 2 ´12
2
é x3 ù 8 16
= ê16 x - ú - 24 = 32 - - 24 = - 5.33
ë 3û 3 3
2
Producer’s surplus = 2 ´12 - ò (2 x )
+ 4 dx
2
Solved by Dr. Mohammad Osman Gani, Professor, Dept. of Mathematics, Jahangirnagar University 30
2
é 2x 2 ù é16 ù 32
= 24 - ê + 4x ú = 24 - ê + 8ú = = 10.67 [Ans.]
ë 3 û0 ë3 û 3
Problem-20: Demand and supply functions are 𝐷(𝑥) = (12 − 2𝑥)3 and 𝑆(𝑥) = 56 + 4𝑥 respectively.
Determine CS under monopoly (so as to maximize the profit) and the supply function is identified with the
marginal cost function.
Solution: Total revenue = TR = x ´ D(x )
( )
= 144 - 48x + 4x 2 x = 144x - 48x 2 + 4x 3
3 1
é x2 x ù 4 64
= ê144x - 48. + 4. ú - 100 = 144 - 24 + - 100 = units.
ë 2 3 û0 3 3
2
Again when x 0 =
22 æ 44 ö 64
, p 0 = ç12 - ÷ =
3 è 3 ø 9
22 /
22 / 3
ò( )
3
22 64 é x
2
x
3
ù 22 64 19,360
\CS = 144 - 48 x + 4 x 2 dx - ´ = ê144 x - 48 ´ + 4´ ú - ´ = units.
0
3 9 ë 2 3 û0 3 9 81
Solved by Dr. Mohammad Osman Gani, Professor, Dept. of Mathematics, Jahangirnagar University 31