Application of Derivatives
"The derivative is the most practical mathematical tool ever invented. It answers: how fast? Which way? What's the best we can do?"
1. Chapter Overview
The derivative is the SWISS ARMY KNIFE of applied mathematics. This chapter covers: Rate of Change (how fast one quantity changes with respect to another), Tangents and Normals (the slope of the curve at a point), Increasing and Decreasing Functions, and Maxima and Minima — finding the HIGHEST and LOWEST values a function attains (optimisation).
2. Rate of Change
- If y = f(x), dy/dx = rate of change of y with respect to x
- Applications: velocity (ds/dt), acceleration (d²s/dt²), marginal cost/revenue in economics (dC/dq, dR/dq), related rates (one rate linked to another through a relationship)
3. Tangents and Normals
- Tangent: Slope = f'(x₀) at point (x₀, y₀). Equation: y — y₀ = f'(x₀)(x — x₀)
- Normal: Perpendicular to tangent. Slope = -1/f'(x₀). Equation: y — y₀ = -1/f'(x₀) × (x — x₀)
4. Increasing and Decreasing Functions
- f'(x) > 0 ⇒ f is STRICTLY INCREASING
- f'(x) < 0 ⇒ f is STRICTLY DECREASING
- f'(x) = 0 ⇒ STATIONARY POINT (could be maxima, minima, or inflection)
5. Maxima and Minima (Optimisation)
First Derivative Test
- Find f'(x) = 0 → critical points
- Check sign of f'(x) to left and right:
-
- → — : MAXIMUM
- — → + : MINIMUM
- No sign change: INFLECTION POINT
-
Second Derivative Test
- f''(x) < 0 ⇒ LOCAL MAXIMUM (curve concave down)
- f''(x) > 0 ⇒ LOCAL MINIMUM (curve concave up)
- f''(x) = 0 ⇒ TEST FAILS (use first derivative test or higher-order derivative)
Absolute (Global) Maxima/Minima on [a,b]
- Check: (a) critical points in (a,b), (b) endpoints f(a), f(b). The LARGEST is absolute maximum. The SMALLEST is absolute minimum.
Applications
- 'Find the dimensions of a box that MAXIMISE volume for a given surface area.'
- 'At what quantity is profit MAXIMISED?' (MR = MC). This is the foundation of optimisation — one of the most practical skills in mathematics.
6. Exam Focus
- Rate of change — related rates problems
- Tangent and normal equations
- Increasing/decreasing intervals. Sign analysis of f'(x).
- Maxima and minima — first derivative test, second derivative test. Absolute extrema on [a,b].
- Optimisation word problems — dimensions, profit maximisation, cost minimisation.
7. Conclusion
The derivative answers the most PRACTICAL questions:
- HOW FAST is the population growing? (rate of change)
- WHAT IS THE SLOPE at this point? (tangent)
- IS IT RISING OR FALLING? (increasing/decreasing)
- WHAT IS THE BEST POSSIBLE VALUE? (maxima/minima — OPTIMISATION)
'Calculus is the mathematics of optimisation. And optimisation — making the best of what you have — is the central problem of economics, engineering, and life.'
