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Finding the average rate of change

Find the average rate of change connecting the points ( 2 , −6 ) and ( −1 , 5 ) .

We know the average rate of change connecting two points may be given by

AROC = f ( a + h ) f ( a ) h .

If one point is ( 2 , 6 ) , or ( 2 , f ( 2 ) ) , then f ( 2 ) = −6.

The value h is the displacement from 2 to 1 , which equals 1 2 = −3.

For the other point, f ( a + h ) is the y -coordinate at a + h , which is 2 + ( −3 ) or −1 , so f ( a + h ) = f ( −1 ) = 5.

AROC = f ( a + h ) f ( a ) h             = 5 ( 6 ) 3             = 11 3             = 11 3
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Find the average rate of change connecting the points ( 5 , 1.5 ) and ( 2.5 , 9 ) .

3

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Understanding the instantaneous rate of change

Now that we can find the average rate of change, suppose we make h in [link] smaller and smaller. Then a + h will approach a as h gets smaller, getting closer and closer to 0. Likewise, the second point ( a + h , f ( a + h ) ) will approach the first point, ( a , f ( a ) ) . As a consequence, the connecting line between the two points, called the secant line, will get closer and closer to being a tangent to the function at x = a , and the slope of the secant line will get closer and closer to the slope of the tangent at x = a . See [link] .

Graph of an increasing function that contains a point, P, at (a, f(a)). At the point, there is a tangent line and two secant lines where one secant line is connected to Q1 and another secant line is connected to Q2.
The connecting line between two points moves closer to being a tangent line at x = a .

Because we are looking for the slope of the tangent at x = a , we can think of the measure of the slope of the curve of a function f at a given point as the rate of change at a particular instant. We call this slope the instantaneous rate of change , or the derivative of the function at x = a . Both can be found by finding the limit of the slope of a line connecting the point at x = a with a second point infinitesimally close along the curve. For a function f both the instantaneous rate of change of the function and the derivative of the function at x = a are written as f ' ( a ) , and we can define them as a two-sided limit    that has the same value whether approached from the left or the right.

f ( a ) = lim h 0 f ( a + h ) f ( a ) h

The expression by which the limit is found is known as the difference quotient .

Definition of instantaneous rate of change and derivative

The derivative    , or instantaneous rate of change    , of a function f at x = a , is given by

f ' ( a ) = lim h 0 f ( a + h ) f ( a ) h

The expression f ( a + h ) f ( a ) h is called the difference quotient.

We use the difference quotient to evaluate the limit of the rate of change of the function as h approaches 0.

Derivatives: interpretations and notation

The derivative    of a function can be interpreted in different ways. It can be observed as the behavior of a graph of the function or calculated as a numerical rate of change of the function.

  • The derivative of a function f ( x ) at a point x = a is the slope of the tangent line to the curve f ( x ) at x = a . The derivative of f ( x ) at x = a is written f ( a ) .
  • The derivative f ( a ) measures how the curve changes at the point ( a , f ( a ) ) .
  • The derivative f ( a ) may be thought of as the instantaneous rate of change of the function f ( x ) at x = a .
  • If a function measures distance as a function of time, then the derivative measures the instantaneous velocity at time t = a .

Questions & Answers

Ayele, K., 2003. Introductory Economics, 3rd ed., Addis Ababa.
Widad Reply
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Ariel
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Ariel
What is economics
Widad Reply
the study of how humans make choices under conditions of scarcity
AI-Robot
U(x,y) = (x×y)1/2 find mu of x for y
Desalegn Reply
U(x,y) = (x×y)1/2 find mu of x for y
Desalegn
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Jan Reply
this is the study of how the society manages it's scarce resources
Belonwu
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macroeconomic is the branch of economics which studies actions, scale, activities and behaviour of the aggregate economy as a whole.
husaini
etc
husaini
difference between firm and industry
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what's the difference between a firm and an industry
Abdul
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Abdulraufu
Suppose the demand function that a firm faces shifted from Qd  120 3P to Qd  90  3P and the supply function has shifted from QS  20  2P to QS 10  2P . a) Find the effect of this change on price and quantity. b) Which of the changes in demand and supply is higher?
Toofiq Reply
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factors influencing supply
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Milan Reply
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Jan
economics is a science that studies human behaviour as a relationship b/w ends and scares means which have alternative uses
Jan
calculate the profit maximizing for demand and supply
Zarshad Reply
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Milan
what are explicit costs
Nomsa Reply
out-of-pocket costs for a firm, for example, payments for wages and salaries, rent, or materials
AI-Robot
concepts of supply in microeconomics
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economic overview notes
Amahle Reply
identify a demand and a supply curve
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i don't know
Parul
there's a difference
Aryan
Demand curve shows that how supply and others conditions affect on demand of a particular thing and what percent demand increase whith increase of supply of goods
Israr
Hi Sir please how do u calculate Cross elastic demand and income elastic demand?
Abari
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Source:  OpenStax, Precalculus. OpenStax CNX. Jan 19, 2016 Download for free at https://legacy.cnx.org/content/col11667/1.6
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