Derivatives are powerful tools used to solve real-world problems involving rates of change, increasing/decreasing functions, and finding local maxima or minima of functions.
If s(t) is the position, then v(t) = ds/dt gives velocity.
If f′(x) > 0 for an interval, then f(x) is increasing on that interval.
If f′(x) < 0 for an interval, then f(x) is decreasing on that interval.
y – y₁ = f′(x₁)(x – x₁)
y – y₁ = –1/f′(x₁)(x – x₁)
If f′(x) changes from + to – at x = c, local maximum at x = c.
If f′(x) changes from – to + at x = c, local minimum at x = c.
If f′(c) = 0 and f″(c) > 0, then local minimum at x = c.
If f′(c) = 0 and f″(c) < 0, then local maximum at x = c.
Marginal Cost = dC/dx
Marginal Revenue = dR/dx
Marginal Profit = dP/dx