In: Economics
Find the maximum and minimum and draw the graph of f(x) = 4x 2 - 40x + 80, for x = [0,8].
f(x) = 4x 2 - 40x + 80, for x = [0,8]
To get the point of maxima/minima we first find the first derivative (with respect to x) of the function
f'(x) = 8x - 40
Setting f'(x) = 0
8x = 40
x = 5
We get x = 5 as the critical value. To find out if this is the maxima or minima, we see the sign of second derivative of the function.
f"(x) = 8
Since f"(x) >0, we have a minima at x = 5. Note that for positive value of second derivative function has a minima at its critical point. We show this by putting x = 5 in the function
For x = 5, we have f(x) = 4*25 -40*5+80 = 100 - 200 + 80 = -20
To find the maximum value of the function we check the value of function at end points.
For x = 0, f(x) = 0-0+80 = 80
For x = 8, f(x) = 4*64 - 40*8 +80 = 16
Therefore we see that at x = 0 function has a maximum value of 80 and at the critical x = 5 function attains minimum value of -20
Now to make the graph of the function, we make use of the values of f(x) at x = 0, 5, 8 and the graph is shown below