STK121 SUT 1.2.1 Rate of Change (2021)
STK121 SUT 1.2.1 Rate of Change (2021)
STK121 SUT 1.2.1 Rate of Change (2021)
SECTION A
Optimization Techniques
1
Learning Objectives of SU 2.3 (from Study Guide)
4
Introduction:
• Calculate changes in business and economics:
– change in turnover of a retailer
– change in gold price
– change in Import and Export figures of SA
– change in salaries of employees in public sector
𝟖𝟖𝟖𝟖−𝟒𝟒𝟒𝟒 𝟑𝟑𝟑𝟑
⇒ average increase ∆𝒓𝒓𝒓𝒓𝒓𝒓𝒓𝒓: = = 𝑹𝑹𝑹𝑹𝑹𝑹 a month
𝟓𝟓−𝟐𝟐 𝟑𝟑
(which is the slope of the line segment 𝑨𝑨𝑨𝑨 connecting A & B)
This line segment 𝑨𝑨𝑨𝑨 does not really reflect the slope,
direction or steepness of the curve at point A or at point B
Therefore investigate what happens in the vicinity of A
Consider an increase from 𝒙𝒙 = 𝟐𝟐 𝒕𝒕𝒕𝒕 𝒙𝒙 = 𝟑𝟑:
• 𝒙𝒙 = 𝟐𝟐: 𝒇𝒇 𝟐𝟐 = 𝟒𝟒𝟒𝟒 fig 2.4.1
• 𝒙𝒙 = 𝟑𝟑: 𝒇𝒇 𝟑𝟑 = 𝟓𝟓𝟓𝟓
𝒇𝒇 𝒙𝒙+𝒉𝒉 −𝒇𝒇(𝒙𝒙)
𝑰𝑰𝑰𝑰𝑰𝑰 = 𝒍𝒍𝒍𝒍𝒍𝒍
𝒉𝒉→𝟎𝟎 𝒉𝒉
= 12 + 3(0)
12
= 12
Example 2.4.2 p 54-57:
The relationship between sales (number of items sold) 𝒚𝒚 and
price 𝒙𝒙 is represented by the function
𝒚𝒚 = 𝒇𝒇 𝒙𝒙 = 𝟏𝟏𝟏𝟏𝟏𝟏 𝟎𝟎𝟎𝟎𝟎𝟎 + 𝟒𝟒𝟒𝟒𝟒𝟒𝟒𝟒 − 𝟒𝟒𝟒𝟒𝒙𝒙𝟐𝟐
fig 2.4.2
Example 2.4.2 (continued) : 𝒇𝒇 𝒙𝒙 = 𝟏𝟏𝟏𝟏𝟏𝟏 𝟎𝟎𝟎𝟎𝟎𝟎 + 𝟒𝟒𝟒𝟒𝟒𝟒𝟒𝟒 − 𝟒𝟒𝟒𝟒𝒙𝒙𝟐𝟐
What is the change in sales if the price increases from R10 to
R40 an item? ARC for an increase from 𝒙𝒙 = 𝟏𝟏𝟏𝟏 𝒕𝒕𝒕𝒕 𝒙𝒙 = 𝟒𝟒𝟒𝟒:
𝒙𝒙 = 𝟏𝟏𝟏𝟏: 𝒇𝒇 𝟏𝟏𝟏𝟏 = 100 000 + 400 10 − 48 102 = 𝟗𝟗𝟗𝟗 𝟐𝟐𝟐𝟐𝟐𝟐
𝒙𝒙 = 𝟒𝟒𝟎𝟎: 𝒇𝒇 𝟒𝟒𝟎𝟎 = 100 000 + 400 40 − 48 402 = 𝟑𝟑𝟗𝟗 𝟐𝟐𝟐𝟐𝟐𝟐
Interpretation:
A price increase of R1 brings about
an average increase of -2000 items
(decrease of 2000 items sold)
Example 2.4.2 (continued) : 𝒇𝒇 𝒙𝒙 = 𝟏𝟏𝟏𝟏𝟏𝟏 𝟎𝟎𝟎𝟎𝟎𝟎 + 𝟒𝟒𝟒𝟒𝟒𝟒𝟒𝟒 − 𝟒𝟒𝟒𝟒𝒙𝒙𝟐𝟐
What is the change in sales if the price increases from R10 to
R30 an item? ARC for an increase from 𝒙𝒙 = 𝟏𝟏𝟏𝟏 𝒕𝒕𝒕𝒕 𝒙𝒙 = 𝟑𝟑𝟑𝟑:
𝒙𝒙 = 𝟏𝟏𝟏𝟏: 𝒇𝒇 𝟏𝟏𝟏𝟏 = 100 000 + 400 10 − 48 102 = 𝟗𝟗𝟗𝟗 𝟐𝟐𝟐𝟐𝟐𝟐
𝒙𝒙 = 𝟑𝟑𝟎𝟎: 𝒇𝒇 𝟑𝟑𝟎𝟎 = 100 000 + 400 30 − 48 302 = 𝟔𝟔𝟔𝟔 𝟖𝟖𝟎𝟎𝟎𝟎
𝒇𝒇 𝟏𝟏𝟏𝟏 = 99200
𝒇𝒇 𝟏𝟏𝟏𝟏 + 𝒉𝒉 = 99200 + 560ℎ − 48ℎ2
𝒇𝒇 𝟐𝟐+𝒉𝒉 −𝒇𝒇(𝟐𝟐)
=
𝒉𝒉
𝒇𝒇 𝟐𝟐+𝒉𝒉 −𝒇𝒇(𝟐𝟐)
𝑰𝑰𝑰𝑰𝑰𝑰 = 𝒍𝒍𝒍𝒍𝒍𝒍 = 𝒍𝒍𝒍𝒍𝒍𝒍 (… … … … … )
𝒉𝒉→𝟎𝟎 𝒉𝒉 𝒉𝒉→𝟎𝟎