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Absolute Extrema on Closed Intervals – Business Calculus Guidance

Study Guide - Smart Notes

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Q1. Find the absolute maximum and absolute minimum of on .

Background

Topic: Absolute Extrema on Closed Intervals

This question tests your ability to find the absolute maximum and minimum values of a function on a closed interval. This is a fundamental concept in calculus, especially for optimization problems in business contexts.

Key Terms and Formulas:

  • Absolute Maximum: The largest value of on the interval.

  • Absolute Minimum: The smallest value of on the interval.

  • Critical Points: Points where or is undefined.

  • Endpoints: The values of at the boundaries of the interval.

To find absolute extrema on a closed interval, evaluate at critical points and endpoints.

Step-by-Step Guidance

  1. Find the derivative: .

  2. Set to find critical points: .

  3. List all candidates for extrema: critical points () and endpoints (, ).

  4. Set up for each candidate: , , .

Try solving on your own before revealing the answer!

Final Answer:

The absolute maximum is $9x = 0-7$ at $x = -4x = 4$.

Q2. Find the absolute maximum and absolute minimum of on:

  • A)

  • B)

Background

Topic: Absolute Extrema of Quadratic Functions

This question asks you to find the absolute maximum and minimum values of a quadratic function on two different intervals. Quadratic functions are common in business applications, such as cost and revenue models.

Key Terms and Formulas:

  • Critical Points: Where .

  • Endpoints: The values at the boundaries of the interval.

  • Derivative: .

Step-by-Step Guidance

  1. Find the derivative: .

  2. Set to find critical points: .

  3. For each interval, check if the critical point is within the interval.

  4. List candidates for extrema for each interval:

    • A) , ,

    • B) , (since is not in )

  5. Set up for each candidate in both intervals.

Try solving on your own before revealing the answer!

Final Answer:

A) :

Absolute minimum: ; absolute maximum: $47$ at $x = 10$.

B) :

(as above)

Absolute minimum: ; absolute maximum: $47$ at $x = 10$.

Q3. Find the absolute maximum and absolute minimum of on .

Background

Topic: Absolute Extrema of Cubic Functions

This question tests your ability to find absolute extrema for a cubic function on a closed interval. Cubic functions can model more complex business scenarios, such as profit functions with inflection points.

Key Terms and Formulas:

  • Critical Points: Where .

  • Endpoints: The values at the boundaries of the interval.

  • Derivative: .

Step-by-Step Guidance

  1. Find the derivative: .

  2. Set to find critical points: .

  3. Solve the quadratic equation for to find critical points.

  4. Check which critical points are within .

  5. List candidates for extrema: endpoints (, ) and valid critical points.

  6. Set up for each candidate.

Try solving on your own before revealing the answer!

Final Answer:

Solving gives and .

Evaluate at , , , :

Absolute maximum: $14x = 5-22$ at $x = -1$.

Q4. Find the absolute maximum and absolute minimum of on .

Background

Topic: Absolute Extrema of Cubic Functions

This question tests your ability to find absolute extrema for a cubic function on a closed interval, which is important for optimization in business calculus.

Key Terms and Formulas:

  • Critical Points: Where .

  • Endpoints: The values at the boundaries of the interval.

  • Derivative: .

Step-by-Step Guidance

  1. Find the derivative: .

  2. Set to find critical points: .

  3. Solve the quadratic equation for to find critical points.

  4. Check which critical points are within .

  5. List candidates for extrema: endpoints (, ) and valid critical points.

  6. Set up for each candidate.

Try solving on your own before revealing the answer!

Final Answer:

Solving gives and .

Only is in .

Evaluate at , , :

Absolute maximum: $8x = -1-44$ at $x = -3$.

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