Math for Business 2023-2024
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Chapter 6 : Integration
• Practical Issues ( Questions)
• Theory and Formula
• Examples
• Application
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6.1 : Indefinite Integration
Review chapter 5: How to differentiate the function : F(x) = x3
Now , you are required to find a function, F(x), which differentiates to
Because
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6.1 : Indefinite Integration
The inverse of differentiation is called integration
For example :
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6.1 : Indefinite Integration
You probably write :
So how about ?
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6.1 : Indefinite Integration
Hence, accurately , you should write
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6.1 : Indefinite Integration
Find :
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6.1 : Indefinite Integration
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6.1 : Indefinite Integration
a)
b)
c)
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6.1 : Indefinite Integration
d)
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6.1 : Indefinite Integration
The integral of the sum (or difference) of two functions is obtained by
integrating the functions separately and adding (or subtracting).
The Rule :
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6.1 : Indefinite Integration
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6.1 : Indefinite Integration
(a)
(b)
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6.1 : Indefinite Integration
(c)
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6.1 : Applications
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6.1 : Applications
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6.1 : Applications
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6.1 : Applications
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6.1 : Applications
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6.1 : Applications
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6.1 : Applications
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6.1 : Applications
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6.2 :Definite Integration
Remember how to find the
areas.
With
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6.2 :Definite Integration
The numbers a and b are called the limits of integration, and it
is assumed throughout this section that a < b and that f (x) ≥
0
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6.2 :Definite Integration
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6.2 :Definite Integration
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6.2 :Definite Integration
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6.2: Applications
At P0 , you can buy Q0 you have to
pay amount of money : Q0 P0
Now, the price P increases very higher .
But you still want to buy Q0 at P0 .
If you can buy at a fixed price of P0 you
have more benefits , which is called
consumer’s surplus
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6.2: Applications
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6.2: Applications
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6.2: Applications
At P0 , you can sell Q0 your revenue: Q0
P0
Now, the price P decrease. But you still
sell at P0 .
If you can sell at a fixed price of P0 you
have more benefits , which is called
producer’s surplus
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6.2: Applications
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6.2: Applications
Step 1: We need to calculate the market equilibrium
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6.2: Applications
nguyenhoangphu.info 35
6.2: Applications
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6.2: Applications
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6.2: Applications
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6.2: Applications
The formula to calculate the present value, P, when a single future value, S, is
discounted at r% interest continuously for t years.
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6.2: Applications
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