Chapter 4: Problem 73
Suppose a continuous function \(f\) is concave up on \((-\infty, 0)\) and \((0, \infty) .\) Assume \(f\) has a local maximum at \(x=0 .\) What, if anything, do you know about \(f^{\prime}(0) ?\) Explain with an illustration.
Chapter 4: Problem 73
Suppose a continuous function \(f\) is concave up on \((-\infty, 0)\) and \((0, \infty) .\) Assume \(f\) has a local maximum at \(x=0 .\) What, if anything, do you know about \(f^{\prime}(0) ?\) Explain with an illustration.
All the tools & learning materials you need for study success - in one app.
Get started for freea. For what values of \(b>0\) does \(b^{x}\) grow faster than \(e^{x}\) as \(x \rightarrow \infty ?\) b. Compare the growth rates of \(e^{x}\) and \(e^{a x}\) as \(x \rightarrow \infty,\) for \(a>0\)
More root finding Find all the roots of the following functions. Use preliminary analysis and graphing to determine good initial approximations. $$f(x)=x^{2}(x-100)+1$$
Demand functions and elasticity Economists use demand finctions to describe how much of a commodity can be sold at varying prices. For example, the demand function \(D(p)=500-10 p\) says that at a price of \(p=10,\) a quantity of \(D(10)=400\) units of the commodity can be sold. The elasticity \(E=\frac{d D}{d p} \frac{p}{D}\) of the demand gives the approximate percent change in the demand for every \(1 \%\) change in the price. (See Section 3.5 or the Guided Project Elasticity in Economics for more on demand functions and elasticity.) a. Compute the elasticity of the demand function \(D(p)=500-10 p\) b. If the price is \(\$ 12\) and increases by \(4.5 \%,\) what is the approximate percent change in the demand? c. Show that for the linear demand function \(D(p)=a-b p\) where \(a\) and \(b\) are positive real numbers, the elasticity is a decreasing function, for \(p \geq 0\) and \(p \neq a / b\) d. Show that the demand function \(D(p)=a / p^{b}\), where \(a\) and \(b\) are positive real numbers, has a constant elasticity for all positive prices.
$$\text { Prove that } \lim _{x \rightarrow \infty}\left(1+\frac{a}{x}\right)^{x}=e^{a}, \text { for } a \neq 0$$
Locate the critical points of the following functions and use the Second Derivative Test to determine (if possible) whether they correspond to local maxima or local minima. $$f(x)=\frac{x^{4}}{4}-\frac{5 x^{3}}{3}-4 x^{2}+48 x$$
What do you think about this solution?
We value your feedback to improve our textbook solutions.