5 The Derivative
5.1 The Derivative
Practice Problems
Problem 5.1.1: Find the derivative for the following functions. Additionally, find the slope of the function when x=2.
a)
b)
c)
d)
e)
f)
g)
h)
i)
Answers
a)
b)
c)
d)
e)
f)
g)
h)
Problem 5.1.2: For what value(s) of x does the function below have a horizontal tangent line?
Answer: x=-2, 3
Problem 5.1.3: Determine the coefficients of a and b that make the statement below true:
Answer: a=5, b=-6
Problem 5.1.4: A company finds that its revenue function is
Calculate the marginal revenue for the 10th unit.
Answer: 1,840
Problem 5.1.5: The demand function for a product is given below:
a) Calculate the marginal revenue when the firm sells its 20th unit.
b) At what level of production does marginal revenue equal 0?
Answer: 460, 250
Problem 5.1.6: Consider the function h(x) for which h(3)=6 and h'(3)=-5. Find f'(3) for the function
Answer: -7/3
Problem 5.1.7: Find the derivative for the following functions. Additionally, find the slope of the function when x=2.
a)
b)
c)
d)
Answers
a)
b)
c)
d)
External Resources
Khan Academy: Power Rule
Khan Academy: Differentiating Integer Powers
Khan Academy: Product Rule (Ignore the Trig)
Khan Academy: Quotient Rule (Ignore the Trig)
Khan Academy: Chain Rule
Khan Academy: Worked Chain Rule Example
5.2 Exponentials and logarithms: A Review
Practice Problems
Problem 5.2.1: You place 1,000USD in an account which pays 6% compounded continuously. Find the future value of the account after 5 years? 10 years? 20 years? What if the account paid 8%?
Answers: 1,350, 1,822, 3,320; 1,492, 2,226, 4,953
Problem 5.2.2: After a child’s birth, an account is opened, and a single payment has been made, so what when the child is 18, they will receive 25,000USD. What initial deposit was made assuming the account earned 4% per year compounded continuously.
Answer: 12,169
Problem 5.2.3: The real GDP per capita of a country in a given year is 3,500USD. How long will it take for the GDP per capita to reach 10,000USD if the economy grows at a rate of 2% compounded continuously.
Answer: 52.5 years
Problem 5.2.4: Mimi deposits 10,000USD into an account which compounds continuously. After 30 years, the deposit is worth 50,000USD. What interest rate did this account pay?
Answer: 5.4%
Problem 5.2.5: Fully expand the following logarithms:
a)
b)
Answers:
a)
b)
Problem 5.2.6: Solve the following for x:
a)
b)
c)
d)
Answers:
a)
b)
c)
d)
External Resources
Khan Academy: e and Compound Interest
Khan Academy: Evaluating ln with a Calculator
5.3 The Derivative of implicit Equations
Practice Problems
Problem 5.3.1: Find dy/dx for the following:
a)
b)
c)
d)
Answers:
a)
b)
c)
d)
External Resources
Khan Academy: Implicit Differentiation
5.4 The Derivatives of exponential and logarithmic functions
Practice Problems
Problem 5.4.1: Find the derivative of the following functions:
a)
b)
c)
d)
Answers:
a)
b)
c)
d)
Problem 5.4.2: Find the derivative of the following functions:
a)
b)
c)
d)
e)
Answers:
a)
b)
c)
d)
e)
Problem 5.4.3: Find the derivative of the following:
Answer:
External Resources
Khan Academy: Derivative of a Natural Log
Khan Academy: Worked Example