Applications of Derivatives
Maharashtra Board · Class 12 · Mathematics & Statistics -Commerce
Complete topic list for Applications of Derivatives in Maharashtra Board Class 12 Mathematics & Statistics -Commerce. Key concepts, sub-topics, and what to focus on for board exams.
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Topics in Applications of Derivatives
Meaning of Derivative and Tangent-Normal
- Derivative at a point gives the slope of tangent to the curve at that point
- Tangent line touches the curve at exactly one point locally
- Normal line is perpendicular to tangent at the point of contact
Increasing and Decreasing Functions
- If f'(x) > 0 in an interval, function is increasing in that interval
- If f'(x) < 0 in an interval, function is decreasing in that interval
- Critical points occur where f'(x) = 0 or f'(x) is undefined
Maxima and Minima
- Local maxima occur where f'(x) = 0 and f''(x) < 0
- Local minima occur where f'(x) = 0 and f''(x) > 0
- If f''(x) = 0, use higher derivatives or first derivative test
Applications in Economics
- Elasticity of demand measures responsiveness of demand to price changes
- Marginal revenue relates to average revenue through elasticity
- Marginal cost shows cost of producing one additional unit
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