0% found this document useful (0 votes)
23 views109 pages

Chapter 3. Calculus

Chapter 3 covers fundamental concepts of calculus, including limits, continuity, and differentiation. It explains the definition and evaluation of limits, one-sided limits, and continuity of functions at specific points. The chapter also introduces limit theorems and indeterminate forms, providing examples and applications throughout.

Uploaded by

yodahekahsay19
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
0% found this document useful (0 votes)
23 views109 pages

Chapter 3. Calculus

Chapter 3 covers fundamental concepts of calculus, including limits, continuity, and differentiation. It explains the definition and evaluation of limits, one-sided limits, and continuity of functions at specific points. The chapter also introduces limit theorems and indeterminate forms, providing examples and applications throughout.

Uploaded by

yodahekahsay19
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 109

Chapter 3.

Calculus
Contents

• Limit and Continuity


• Univariate Differentiation
• Multivariate Differentiation
• Integration
3.1.Limits and Continuity

•Definition

•Evaluation of Limits

•Continuity

•Limits Involving Infinity


Intuitive Definition of a Limit

We say that the limit of f ( x) as x approaches a is L and write


lim f ( x) = L
x →a

if the values of f ( x) approach L as x approaches a.

y = f ( x)
L

a
Limits, Graphs, and Calculators
 x −1 
1. a) Use table of values to guess the value of lim  2 ÷
x →1 x − 1
 

x −1
b) Use your calculator to draw the graph f ( x) = 2
x −1
and confirm your guess in a)
2. Find the following limits
 sin x 
a) lim  ÷ by considering the values
x →0
 x 
x = ±1, ±0.5, ±0.1, ±0.05, ±0.001. Thus the limit is 1.
sin x
Confirm this by ploting the graph of f ( x) =
x
( x ) by considering the values
b) lim sin π
x →0

(i) x = ±1, ± 1 , ± 1 , ±1
10 100 1000

(ii) x = ±1, ± 2 , ± 2 , ±2
3 103 1003
This shows the limit does not exist.

( x)
Confrim this by ploting the graph of f ( x) = sin π
−3x if x ≠ −2
c) Find lim f ( x) where f ( x) = 
x →−2
1 if x = −2

lim f ( x) = lim − 3 x
x →−2 x →−2
6 = −3 lim x
x →−2

Note: f (-2) = 1 = −3(−2) = 6

is not involved
-2
3) Use your calculator to evaluate the limits

 4( x 2 − 4)  Answer : 16
a. lim  ÷
x→2
 x − 2 

1, if x < 0 Answer : no limit


b. lim g ( x), where g ( x) = 
x →0
 −1, if x ≥ 0
1
c. lim f ( x), where f ( x) = 2 Answer : no limit
x →0 x
 1+ x −1 
d. lim  ÷
÷ Answer : 1/2
x →0
 x 
Theε -δ or Formal Definition of Limit

We say lim f ( x) = L if and only if


x→a
given a positive number ε , there exists a positive δ such that
if 0 <| x − a |< δ , then | f ( x) − L |< ε .

L+ε
L
L −ε

y = f ( x)
a
a −δ a +δ
This means that if we are given a
small interval ( L − ε , L + ε ) centered at L,
then we can find a (small) interval ( a − δ , a + δ )

such that for all x ≠ a in ( a − δ , a + δ ),

f ( x) is in ( L − ε , L + ε ).
Examples

1. Show that lim(3 x + 4) = 10.


x →2
Let ε > 0 be given. We need to find a δ > 0 such that
if | x - 2 |< δ , then | (3 x + 4) − 10 |< ε .
But | (3 x + 4) − 10 |=| 3 x − 6 |= 3 | x − 2 |< ε
ε ε
if | x − 2 |< So we choose δ = .
3 3
1
2. Show that lim = 1.
x →1 x

Let ε > 0 be given. We need to find a δ > 0 such that


if | x − 1|< δ , then | 1 − 1|< ε .
x
1 x −1 1
But | − 1|=| |= | x − 1| . What do we do with the x?
x x x
1
If we decide | x − 1|< , then 1 < x < 3 . 1/2
2 2 2 1 3/2

1
And so <2.
x
1 1
Thus | − 1|= | x − 1|< 2 | x − 1| .
x x

ε 1 
Now we choose δ = min  ,  .
3 2
One-Sided Limit

The right-hand limit of f (x), as x approaches a,


equals L
written: lim+ f ( x) = L
x→a

if we can make the value f (x) arbitrarily close


to L by taking x to be sufficiently close to the
right of a.
y = f ( x)
L

a
The left-hand limit of f (x), as x approaches a,
equals M
written: lim− f ( x) = M
x→a

if we can make the value f (x) arbitrarily close


to L by taking x to be sufficiently close to the
left of a.
y = f ( x)

M
a
Examples

 x 2 if x ≤ 3
1. Given f ( x) = 
 2x if x > 3

Find lim+ f ( x)
x →3

lim+ f ( x) = lim+ 2 x = 6
x →3 x →3

Find lim− f ( x)
x →3

lim− f ( x) = lim− x 2 = 9
x →3 x →3
More Examples
 x + 1, if x > 0
2. Let f ( x) = 
 x − 1, if x ≤ 0. Find the limits:

a) lim+ f ( x) = lim+ ( x + 1)
x →0
= 0 +1 = 1
x →0
b) lim− f ( x) = lim− ( x − 1) = 0 − 1 = −1
x →0 x →0

c) lim− f ( x) = lim(

x + 1) = 1 + 1 = 2
x →1 x →1

d) lim+ f ( x) = lim( x + 1) = 1+1 = 2


x →1 +
x →1
A Theorem
lim f ( x) = L if and only if lim+ f ( x) = L and lim− f ( x) = L.
x→a x→a x→a

This theorem is used to show a limit does not


exist.
 x + 1, if x > 0
For the function f ( x) = 
 x − 1, if x ≤ 0.
lim f ( x) does not exist because lim+ f ( x) = 1 and lim− f ( x ) = −1.
x →0 x →0 x →0

But
lim f ( x) = 2 because lim+ f ( x) = 2 and lim− f ( x) = 2.
x →1 x →1 x →1
Limit Theorems

If c is any number, lim f ( x) = L and lim g ( x) = M , then


x →a x →a

a) lim ( f ( x) + g ( x) ) = L + M b) lim ( f ( x) − g ( x) ) = L − M
x→a x→a

c) lim ( f ( x) ×g ( x) ) = L ×M
x→a
d)
x→a (
lim f ( x)
g ( x) ) = L , ( M ≠ 0)
M

e) lim ( c ×f ( x) ) = c ×L f) lim ( f ( x) ) = Ln
n
x→a
x →a

g) lim c = c h) lim x = a
x →a x →a

i) lim x n = a n j) lim f ( x) = L , ( L > 0)


x→a x→a
Examples Using Limit Rule
Ex. lim ( x 2 + 1) = lim
x →3
x 2 + lim1
x →3
x →3

( )
2
= lim x + lim1
x →3 x →3

= 32 + 1 = 10

2x −1 lim ( 2 x − 1) 2 lim x − lim1


Ex. lim = x →1
= x →1 x →1
x →1 3 x + 5 lim ( 3 x + 5 ) 3lim x + lim 5
x →1 x →1 x →1

2 −1 1
= =
3+5 8
More Examples
1. Suppose lim f ( x) = 4 and lim g ( x) = −2. Find
x →3 x →3

a) lim ( f ( x) + g ( x) ) = lim
x →3
f ( x) + lim g ( x)
x →3
x →3
= 4 + (−2) = 2

b) lim ( f ( x) − g ( x) ) = lim f ( x) − lim g ( x)


x →3
x →3 x →3

= 4 − (−2) = 6
 2 f ( x) − g ( x)  lim 2 f ( x) − lim g ( x) 2 ×4 − (−2) −5
c) lim  ÷ = x →3 x →3
= =
x →3
 f ( x) g ( x)  lim f ( x) × lim g ( x) 4 ×(−2) 4
x →3 x →3
Indeterminate Forms

Indeterminate forms occur when substitution in the limit


results in 0/0. In such cases either factor or rationalize
the expressions.
0
x+5 Notice form
Ex. lim 2
x →−5 x − 25 0
x+5
= lim Factor and cancel
x →−5 ( x − 5 ) ( x + 5 )
common factors
1 1
= lim =
x →−5 ( x − 5 ) −10
More Examples
 x −3  ( x − 3)( x + 3) 
a) lim  ÷
÷ = lim  ÷
÷
 x−9  ( x − 9)( x + 3)
x →9 x →9
 
 x−9   1  1
= lim  = lim ÷= 6
÷ x →9  x +3
x →9 ( x − 9)( x + 3)
  

 4 − x2   (2 − x)(2 + x) 
b) lim  2 ÷ = lim 
x →−2 2 x + x 3
  x →−2  x 2 (2 + x) ÷ 
 2− x
= lim  2 ÷
x →−2
 x 
2 − (−2) 4
= = =1
(−2) 2
4
The Squeezing Theorem
If f ( x) ≤ g ( x) ≤ h( x) when x is near a, and if
lim f ( x) = lim h( x) = L, then lim g ( x) = L
x→a x →a x →a

Example: Show that lim x 2 sin π = 0.


x( )
( ) DNE!
x →0
Note that we cannot use product rule because lim sin π
x →0 x
( ) ( )
But − 1 ≤ sin π ≤ 1 and so − x 2 ≤ x 2 sin π ≤ x 2 .
x x
Since lim x 2 = lim( − x 2 ) = 0, we use the Squeezing Theorem to conclude
x →0 x →0

( x ) = 0.
lim x 2 sin π
x →0
Continuity

A function f is continuous at the point x = a if


the following are true:
i ) f (a) is defined
ii ) lim f ( x) exists
x →a

f(a)

a
A function f is continuous at the point x = a if
the following are true:
i ) f (a) is defined
ii ) lim f ( x) exists
x →a
iii ) lim f ( x) = f (a )
x→a f(a)

a
Examples At which value(s) of x is the given function
discontinuous?
2

1. f ( x) = x + 2 x −9
2. g ( x) =
x+3
Continuous everywhere
Continuous everywhere
lim( x + 2) = a + 2
x →a
except atx = −3

and so lim f ( x) = f (a) g (−3) is undefined


x →a
4

6 2

4 -6 -4 -2 2 4

-2

2
-4

-6
-4 -2 2 4

-2 -8

-10
 x + 2, if x > 1 −1, if x ≤ 0
3. h( x) =  4. F ( x) = 
1, if x ≤ 1 1, if x > 0
and
lim+ F ( x) = 1 lim F ( x) = −1
lim− h( x ) = 1
x →1
and lim+ h( x)
x →1
=3 x →0 x → 0−

Thus F is not cont. at x = 0.


Thus h is not cont. at x=1.
F is continuous everywhere else
h is continuous everywhere else
5

3
4

3 2

2
1

-10 -5 5 10

-2 2 4
-1
-1

-2
-2

-3 -3
Continuous Functions

If f and g are continuous at x = a, then

f ± g , fg , and f ( g (a) ≠ 0 ) are continuous


g
at x = a

A polynomial function y = P(x) is continuous at


every point x.

A rational function R( x) = p( x) q( x)is continuous at


every point x in its domain.
Intermediate Value Theorem

If f is a continuous function on a closed interval [a, b]


and L is any number between f (a) and f (b), then there
is at least one number c in [a, b] such that f(c) = L.

y = f ( x)
f (b)
f (c) = L
f (a)

a c b
Example

2
Given f ( x) = 3 x − 2 x − 5,
Show that f ( x) = 0 has a solution on [ 1, 2 ] .

f (1) = −4 < 0
f (2) = 3 > 0

f (x) is continuous (polynomial) and since f (1) < 0


and f (2) > 0, by the Intermediate Value Theorem
there exists a c on [1, 2] such that f (c) = 0.
Limits at Infinity

1 1
For all n > 0, lim n = lim n = 0
x →∞ x x →−∞ x

1
provided that n is defined.
x
2 3 + 5 + 1
3x + 5 x + 1 x x 2 Divide
Ex. xlim = lim 2
→∞ 2 − 4x 2 x →∞ 2 −4 by x
x2

=
lim 3 + lim 5
x →∞ x →∞
( x ) + lim ( 1 x )
x →∞
2
=
3+ 0+ 0
=−
3
lim 2
x →∞
( x ) − lim 4
2
x →∞
0−4 4
More Examples
 2 x3 3x 2 2 
 2 x3 − 3x 2 + 2   3
− 3 + 3 ÷
1. lim  3 ÷ = lim  x x x ÷
 x − x − 100 x + 1 
x →∞ 2
x →∞ x 3 2
 − − 100 x + 1
x ÷
 3 ÷
x x 3
x 3
x 3

 3 2 
 2 − x + x3 ÷
= lim  ÷
x →∞ 1 100
1− − 2 + 3 ÷1
 x x x 

2
= =2
1
 4 x − 5 x + 21 
2  x2 + 2x − 4 
2. lim  3 ÷ 3. lim  ÷
x →∞ 7 x + 5 x 2 − 10 x + 1 x →∞
 12 x + 31 
 
 x2 2 x 4 
 4 x 2 5 x 21
− 3+ 3
  + − ÷

x 3
x x
÷ = lim  x x x÷
= lim  3 2 ÷ x →∞
 12 x + 31 ÷
x →∞ 7 x 5 x 10 x 1
 ÷  x x ÷
 3 + 3 − 3 + 3÷  
 x x x x 
 4 5 21   4
 x+2− x ÷
− +
 x x 2 x3 ÷
= lim  ÷
x →∞ 5 10 1
7+ − 2 + 3 ÷ = lim  ÷
x →∞ 31
 x x x   12 + ÷
0  x 
= ∞+2
7 =
12
=0 =∞
4. lim
x →∞
( x +1 − x
2
)

= lim 
( x2 + 1 − x ) x +1 + x ÷
2

1 ÷
x →∞
 x2 + 1 + x ÷
 

 x2 + 1 − x2 
= lim  ÷
x →∞
 x +1 + x 
2

 1 
= lim  ÷
x →∞
 x +1 + x 
2

1 1
= = =0
∞+∞ ∞
Infinite Limits
20

For all n > 0, 15

10

1 5

lim+ =∞
( x − a)
n -8 -6 -4 -2 2
x →a -5

-10

-15

-20
40

1
30

lim− = ∞ if n is even 20

( x − a)
n
x →a 10

-2 2 4 6
-10

-20

1 20

lim− = −∞ if n is odd 15

( x − a)
n
x →a 10

-8 -6 -4 -2 2
-5

-10

-15
Examples
Find the limits
 3x 2 + 2 x + 1   3+ 2 + 1 2  3+ ∞ + ∞
1. lim+  ÷ = lim+ 
x x ÷ = =∞
x →0 2x 2 x →0 
 2 ÷
÷ 2
   

 2x +1 
2. lim +  ÷ = lim
 2x +1 
x →−3  2 x + 6  x →−3+  2( x + 3) ÷
 
= −∞
40

20

-8 -6 -4 -2 2

-20
3.2. Derivatives

• The derivative of π = f(q) is the limit of


∆π/∆q for very small changes in q
dπ df f (q1 + h) − f (q1 )
= = lim
dq dq h → 0 h

• The value of this ratio depends on the value


of q1

37
Value of a Derivative at a Point
• The evaluation of the derivative at the point
q = q1 can be denoted

dq q = q
1

• In our previous example,

dπ dπ dπ
>0 <0 =0
dq q =q
1
dq q =q
3
dq q = q *
38
Rules for Finding Derivatives
db
1. If b is a constant, then =0
dx

d [bf ( x )]
2. If b is a constant, then = bf ' ( x )
dx

dx b
3. If b is constant, then = bx b −1
dx
d ln x 1
4. =
dx x 39
Rules for Finding Derivatives
x
da
5. = a x ln a for any constant a
dx
– a special case of this rule is dex/dx = ex

40
Rules for Finding Derivatives
• Suppose that f(x) and g(x) are two functions
of x and f’(x) and g’(x) exist
• Then
d [f ( x ) + g ( x )]
6. = f '(x) + g'(x)
dx

d [f ( x ) ⋅ g ( x )]
7. = f ( x )g ' ( x ) + f ' ( x )g ( x )
dx

41
Rules for Finding Derivatives
 f (x) 
d  
 g ( x )  f ' ( x )g ( x ) − f ( x )g ' ( x )
8. =
dx [g ( x )]2
provided that g ( x ) ≠ 0

42
Rules for Finding Derivatives
• If y = f(x) and x = g(z) (i.e. y=f(g(z)) and if
both f’(x) and g’(z) exist, then:
dy dy dx df dg
9. = ⋅ = ⋅
dz dx dz dx dz
• This is called the chain rule. The chain rule
allows us to study how one variable (z)
affects another variable (y) through its
influence on some intermediate variable (x)
43
Rules for Finding Derivatives
• Some examples of the chain rule include

de ax de ax d (ax )
10. = ⋅ = e ax ⋅ a = ae ax
dx d (ax ) dx
d [ln(ax )] d [ln( ax )] d ( ax ) 1 1
11. = × = ×a =
dx d (ax ) dx ax x
2 2 2
d [ln( x )] d [ln( x )] d ( x ) 1 2
12. = 2
⋅ = 2 ⋅ 2x =
dx d(x ) dx x x
44
Second Derivatives

• The derivative of a derivative is called a


second derivative
• The second derivative can be denoted by

d 2π d 2f
2
or 2
or f " (q )
dq dq

45
3.3. Functions of Several Variables
• Most goals of economic agents depend on
several variables
– trade-offs must be made
• The dependence of one variable (y) on a
series of other variables (x1,x2,…,xn) is
denoted by

y = f (x1, x 2 ,..., xn )

46
Partial Derivatives

• The partial derivative of y with respect to x1


is denoted by
∂y ∂f
or or fx or f1
∂x1 ∂x1 1

• It is understood that in calculating the


partial derivative, all of the other x’s are
held constant
47
Partial Derivatives

• A more formal definition of the partial


derivative is
∂f f ( x1 + h, x 2 ,..., x n ) − f ( x1, x 2 ,..., x n )
= lim
∂x1 x 2 ,..., x n
h →0 h

48
Calculating Partial Derivatives
1. If y = f ( x1, x 2 ) = ax12 + bx1 x 2 + cx 22 , then
∂f
= f1 = 2ax1 + bx 2 and
∂x1
∂f
= f2 = bx1 + 2cx 2
∂x 2
ax1 + bx 2
2. If y = f ( x1, x 2 ) = e , then
∂f ax + bx ∂f ax + bx
= f1 = ae 1 2
and = f2 = be 1 2

∂x1 ∂x 2
49
Calculating Partial Derivatives
3. If y = f (x1, x 2 ) = a ln x1 + b ln x 2 , then
∂f a ∂f b
= f1 = and = f2 =
∂x1 x1 ∂x 2 x2

50
Partial Derivatives
• Partial derivatives are the mathematical
expression of the ceteris paribus
assumption
– show how changes in one variable affect some
outcome when other influences are held
constant

51
Partial Derivatives
• We must be concerned with how variables
are measured
– if q represents the quantity of gasoline
demanded (measured in billions of gallons) and
p represents the price in dollars per gallon,
then ∂q/∂p will measure the change in demand
(in billiions of gallons per year) for a dollar per
gallon change in price

52
Elasticity
• Elasticities measure the proportional effect
of a change in one variable on another
– unit free
• The elasticity of y with respect to x is

∆y
y ∆y x ∂y x
ey , x = = ⋅ = ⋅
∆x ∆x y ∂x y
x
53
Elasticity and Functional Form
• Suppose that
y = a + bx + other terms
• In this case,

∂y x x x
ey , x = ⋅ = b⋅ = b⋅
∂x y y a + bx + ⋅ ⋅ ⋅
• ey,x is not constant
– it is important to note the point at which the
elasticity is to be computed
54
Elasticity and Functional Form
• Suppose that
y = axb
• In this case,

∂y x b −1 x
ey , x = ⋅ = abx ⋅ b = b
∂x y ax

55
Elasticity and Functional Form
• Suppose that
y = axb => ln y = ln a + b ln x
• In this case,
∂y
∂y x y ∂ ln y
ey ,x = × = = =b
∂x y ∂x ∂ ln x
x
• Elasticities can be calculated through
logarithmic differentiation

56
Second-Order Partial Derivatives
• The partial derivative of a partial derivative
is called a second-order partial derivative

∂(∂f / ∂x i ) ∂ 2f
= = fij
∂x j ∂x j x i

57
Young’s Theorem

• Under general conditions, the order in


which partial differentiation is conducted to
evaluate second-order partial derivatives
does not matter
∂ f
2
∂ f2
f ij = = = f ji
∂x j ∂xi ∂xi ∂x j

58
Use of Second-Order Partials
• Second-order partials play an important
role in many economic theories
• One of the most important is a variable’s
own second-order partial, fii
– shows how the marginal influence of xi on y
(i.e. (∂y/∂xi)) changes as the value of xi
increases
– a value of fii < 0 indicates diminishing marginal
effectiveness
59
Total Differential
• Suppose that y = f(x1,x2,…,xn)
• If all x’s are varied by a small amount, the
total effect on y will be
∂f ∂f ∂f
dy = dx1 + dx 2 + ... + dx n
∂x1 ∂x 2 ∂xn

dy = f1dx1 + f2dx 2 + ... + fn dx n

60
Implicit function
• The equation
y=mx + b
• can be written as
y – mx – b =0
• or, even more generally, as
f( x, y, m, b) = 0
Is called implicit function - the relationship between
variables and parameters are implicitly present in the
equation

61
Derivative from implicit functions

• In many circumstances it is helpful to compute


derivatives directly from implicit functions
• Ex. f(x ,y)=o => total differential is

0 = f x dx + f y dy
dy fx
→ =−
dx fy

62
Production Possibility Frontier

• Earlier example: 2x2 + y2 = 225


• Can be rewritten: f(x,y) = 2x2 + y2 - 225 = 0
• Because fx = 4x and fy = 2y, the opportunity
cost trade-off between x and y is

dy − fx − 4x − 2x
= = =
dx fy 2y y

63
Implicit Function Theorem
• It may not always be possible to solve implicit
functions of the form g(x,y)=0 for unique
explicit functions of the form y = f(x)
– mathematicians have derived the necessary
conditions
– in many economic applications, these conditions are
the same as the second-order conditions for a
maximum (or minimum)

64
The Envelope Theorem

• The envelope theorem concerns how the


optimal value for a particular function changes
when a parameter of the function changes
• This is easiest to see by using an example

65
The Envelope Theorem
• Suppose that y is a function of x
y = -x2 + ax
• For different values of a, this function
represents a family of inverted parabolas
• If a is assigned a specific value, then y becomes
a function of x only and the value of x that
maximizes y can be calculated

66
The Envelope Theorem
Optimal Values of x and y for alternative values of a

67
The Envelope Theorem
As a increases,
the maximal value
for y (y*) increases

The relationship
between a and y
is quadratic

68
The Envelope Theorem
• Suppose we are interested in how y* changes
as a changes
• There are two ways we can do this
– calculate the slope of y directly
– hold x constant at its optimal value and calculate
∂y/∂a directly

69
The Envelope Theorem
• To calculate the slope of the function (i.e. y =
-x2 + ax), we must solve for the optimal value
of x for any value of a
dy/dx = -2x + a = 0
x* = a/2
• Substituting, we get
y* = -(x*)2 + a(x*) = -(a/2)2 + a(a/2)
y* = -a2/4 + a2/2 = a2/4
70
The Envelope Theorem
• Therefore,
dy*/da = 2a/4 = a/2 = x*

• But, we can save time by using the envelope


theorem
– for small changes in a, dy*/da can be computed by
holding x at x* and calculating ∂y/ ∂a directly from
y

71
The Envelope Theorem

∂y/ ∂a = x
• Holding x = x*
∂y/ ∂a = x* = a/2

• This is the same result found earlier

72
The Envelope Theorem
• The envelope theorem states that the change in
the optimal value of a function with respect to a
parameter of that function can be found by
partially differentiating the objective function
while holding x (or several x’s) at its optimal
value
dy * ∂y
= {x = x * (a)}
da ∂a
73
The Envelope Theorem
• The envelope theorem can be extended to the
case where y is a function of several variables
y = f(x1,…xn,a)

• Finding an optimal value for y would consist of


solving n first-order equations
∂y/∂xi = 0 (i = 1,…,n)

74
The Envelope Theorem
• Optimal values for theses x’s would be
determined that are a function of a

x1* = x1*(a)
x2* = x2*(a)
.
.
.
xn*= xn*(a)

75
The Envelope Theorem
• Substituting into the original objective function
yields an expression for the optimal value of y
(y*)
y* = f [x1*(a), x2*(a),…,xn*(a),a]
• Differentiating yields
dy * ∂f dx1 ∂f dx 2 ∂f dx n ∂f
= ⋅ + ⋅ + ... + ⋅ +
da ∂x1 da ∂x 2 da ∂xn da ∂a

76
The Envelope Theorem
• Because of first-order conditions, all terms
except ∂f/∂a are equal to zero if the x’s are at
their optimal values

• Therefore,

dy * ∂f
= {x = x * (a)}
da ∂a

77
3.4. Integration
•This section starts with the application of
integration :area and distance problems and uses
them to formulate the idea of a definite integral,
which is the basic concept of integral calculus.
•There is a connection between integral calculus and
differential calculus. The Fundamental Theorem of
Calculus relates the integral to the derivative, and we
will see in this chapter that it greatly simplifies the
solution of many problems.
The Area Problem

Find the area of the following region:


The Definite Integral
Evaluating Integrals
Properties of the Definite Integral
1:

2:

3:

4:

5:

6:
7:
8:

9:

10:

11:
12:
The Fundamental Theorem of Calculus
The Fundamental Theorem of Calculus is appropriately named
because it establishes a connection between the two branches of
calculus: differential calculus and integral calculus. Differential
calculus arose from the tangent problem, whereas integral calculus
arose from a seemingly unrelated problem, the area problem.
Newton’s teacher at Cambridge, Isaac Barrow (1630–1677),
discovered that these two problems are actually closely related. In
fact, he realized that differentiation and integration are inverse
processes. The Fundamental Theorem of Calculus gives the precise
inverse relationship between the derivative and the integral. It was
Newton and Leibniz who exploited this relationship and used it to
develop calculus into a systematic mathematical method. In
particular, they saw that the Fundamental Theorem enabled them to
compute areas and integrals very easily without having to compute
them as limits of sums
Differentiation and Integration as Inverse Processes
Importance of
The Fundamental Theorem of Calculus
The Fundamental Theorem of Calculus is unquestionably the most
important theorem in calculus and, indeed, it ranks as one of the
great accomplishments of the human mind.
Before it was discovered, from the time of Eudoxus and Archimedes
to the time of Galileo and Fermat, problems of finding areas,
volumes, and lengths of curves were so difficult that only a genius
could meet the challenge. But now, armed with the systematic
method that Newton and Leibniz fashioned out of the Fundamental
Theorem, we will see in the chapters to come that these challenging
problems are accessible to all of us.
Indefinite Integrals or Antiderivatives

You should distinguish carefully between definite and indefinite


integrals. A definite integral is a number, whereas an
indefinite integral is a function (or family of functions).
Table of Indefinite Integrals
Applications of The Net Change Theorem
The Net Change Theorem:
The integral of a rate of change is the net change::
Substitution Rule

The Substitution Rule


Symmetry in Definite Integral
Integrals of Symmetric Functions
The Logarithm Defined as an Integral
Laws of Logarithms
Definition:

Definition:
The general logarithmic function with base is the function defined by
The Exponential Function
Definition:

You might also like