Practice problems for these concepts can be found at: Applications of Definite Integrals Practice Problems for AP Calculus
Business Problems
- Profit = Revenue – Cost P (x) = R(x ) – C(x )
- Revenue = (price)(items sold) R(x) = P (x )
- Marginal Profit P'(x)
- Marginal Revenue R'(x)
- Marginal Cost C'(x)
P'(x), R'(x), and C'(x) are the instantaneous rates of change of profit, revenue, and cost respectively.
Example 1
The marginal profit of manufacturing and selling a certain drug is P'(x )=100 – 0.005x.
- How much profit should the company expect if it sells 10,000 units of this drug?
Example 2
If the marginal cost of producing x units of a commodity is C'(x) = 5 + 0.4x, Find
- the marginal cost when x =50;
- the cost of producing the first 100 units.
Solution:
- Marginal cost at x = 50:
- Cost of producing 100 units:
C'(50) = 5 + 0.4(50) = 5 + 20 = 25.
Temperature Problems
Example
On a certain day, the changes in the temperature in a greenhouse beginning at 12 noon are represented by f (t)= sin degrees Fahrenheit, where t is the number of hours elapsed after 12 noon. If at 12 noon, the temperature is 95°F, find the temperature in the greenhouse at 5 p.m.
Let F(t) represent the temperature of the greenhouse.
The temperature in the greenhouse at 5 p.m. is 98.602 °F.
Leakage Problems
Example
Water is leaking from a faucet at the rate of l(t) =10e–0.5t gallons per hour, where t is measured in hours. How many gallons of water will have leaked from the faucet after a 24 hour period?
- Let L(x) represent the number of gallons that have leaked after x hours.
Using your calculator, enter (10e^(–0.5x), x, 0, 24) and obtain 19.9999. Thus, the number of gallons of water that have leaked after x hours is approximately 20 gallons.
Growth Problem
Example
In a farm, the animal population is increasing at a rate which can be approximately represented by g(t) = 20 + 50 ln(2 + t), where t is measured in years. How much will the animal population increase to the nearest tens between the 3rd and 5th year?
Let G(x) be the increase in animal population after x years.
Thus, the population increase between the 3rd and 5th years
Enter (20 + 50 ln(2 + x), x, 3, 5) and obtain 218.709.
Thus the animal population will increase by approximately 220 between the 3rd and 5th years.
Practice problems for these concepts can be found at: Applications of Definite Integrals Practice Problems for AP Calculus
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