Derivatives in context
Suppose a function represents a real-world quantity. Its derivative tells you how the output changes as the input changes. In other words, is a rate of change.
The units of are always
The sign of tells you the direction of change:
- : is increasing
- : is decreasing
- : is not changing (at that instant)
Examples
- A tank is being filled with water, and its volume (in gallons) at time (in minutes) is given by .
a) What sign would you expect for ?
b) What doesmean? Include units of measure.
c) What does mean? Include units of measure.
Solutions
a) is the rate at which the volume changes with respect to time. Since the tank is being filled, the volume is increasing, so should be positive.
b) means that at minutes, the tank contains 15 gallons of water.
c) means that at minutes, the volume is increasing at a rate of 3 gallons per minute.
- The temperature (in degrees Celsius) of a cooling liquid is given by the function , where is measured in minutes. The following table provides temperature readings:
0 95 5 82 10 70 15 60 20 52 25 45 30 40 a) Approximate . Include units.
b) A scientist models the cooling process using the function. Find and interpret its meaning in the context of cooling.
Solutions
a) Approximate . Include units.
is the instantaneous rate of change of temperature at minutes. We can approximate it using a difference quotient based on nearby table values. Since is in the table, there are three common choices:
Any of these can be used as long as you show your work. Using the first (a symmetric difference around ):
Interpretation: At minutes, the temperature is decreasing at a rate of about C per minute.
b) Given , find .
Differentiate with respect to :
Now evaluate at :
Interpretation: At minutes, the model predicts the liquid’s temperature is decreasing at a rate of C per minute.
- In economics, derivative can measure how the cost and revenue change as production increases. The marginal cost is the derivative of the cost function and gives the change in cost when one additional unit of product is made.
Suppose a company’s cost function is given by:
Find the marginal cost when 20 units are produced.
Solution
Taking the derivative of the cost function,
When units,
Because a derivative is a rate of change, its units are the units of the output (dollars) divided by the units of the input (units of product).
Interpretation: When units are produced, producing one additional unit costs approximately per unit.
- The number of customers who subscribe to a video streaming service depends on the monthly price (in dollars), so .
a) What are the units of ?
b) What does represent?
c) Would you expect this derivative to be positive or negative?
d) If at , estimate the effect of increasing the price by $1.
Solutions
a) The units of the derivative are the units of the output divided by the units of the input . That is, customers per dollar.
b) represents the rate at which the number of subscribers changes as the monthly price changes.
c) As price increases, the number of customers typically decreases, so you’d expect the derivative to be negative.
d) If at , then increasing the price by $1 (from $10 to $11) would change the number of subscribers by about
So the model predicts about 2000 fewer customers for a $1 increase in price (near ).