Professional Documents
Culture Documents
Chapter 1: Linear Equations: Math 121:: Mathematical Applications
Chapter 1: Linear Equations: Math 121:: Mathematical Applications
Chapter 1: Linear Equations: Math 121:: Mathematical Applications
What is a function?
What is a function?
Definition (function)
A function f is a special relation between x and y such that each
input x results in exactly one y . The symbol f (x) is read “f of x”
and is called the value of f at x
What is a function?
Evaluating a Function
Evaluating a Function
To evaluate a function, think of x as simply a place holder.
Example
Let f (x) = 2x 2 + 5x and evaluateeach function value.
(a) f (−2) (b) f (0) (c) f 12 (d) f (4)
Problem Solving
Example (Depreciation)
A business is purchased for $122,880 and depreciated over a period of
10 years. It’s value y is related to the number of months of service x
by the equation
y = 122, 880 − 1, 024x
How much was the business worth at the beginning of the 10 year
period?
Equations in 1 Variable
Definition Definition
An expression is a meaningful An equation is a statement that
string of numbers, variable, & relates two expressions to be
operations. equal.
Example Example
3x − 2 3x − 2 = 7
Definition
A solution is a value for the variable(s) that make a statement to be
true.
Example
x = 3 is a solution to the statement 3x − 2 = 7. Since
3(3) − 2 = 7
9−2=7
7 = 7X
Chapter 1: Linear Equations 15 / 79 Math 121: : Mathematical Applications
1.2 Solutions to Linear Equations Equations in 1 Variable
Equations in 1 Variable
Definition
A solution set is the set of ALL possible solutions. Equations that
are true for all possible values are called identities.
Example
2(x − 1) = 2x − 2 is true for all possible values for x.
I Substitution Property:
The equation formed by substituting one expression for an
equivalent expression is equivalent to the original equation.
Example
Since 2(x + 1) = 2x + 2, then by the
substitution property the equation
2(x + 1) = 4
I Addition Property:
The equation formed by adding the same quantity to both
sides of an equation is equivalent to the original equation.
Example
Using the addition property
2x + 2 = 4
I Multiplication Property:
The equation formed by multiplying both sides of an equation by
the same nonzero quantity is equivalent to the original equation.
Example
Using the multiplication property
1
x =6
3
is equivalent
tothe equation
1
3 x = 3 (6)
3
Example (Population)
Using data from 1980 and projected to 2050, the number of
pupper/doggos is given by
Applications in Business
Definition
Profit is the amount of money earned (or lost) by producing x units.
Linear Functions
Definition
A linear function is a function that can be written in the form
y = f (x) = ax + b
Example
All of the following are linear
functions,
1. y = 3x + 4
2. 21 x − 2y = 9
3. y = 0
Chapter 1: Linear Equations 27 / 79 Math 121: : Mathematical Applications
1.3 Graphs of Linear Functions Intercepts
Intercepts
Intercepts
The graph of a linear function is a line, only two distinct points are
necessary to determine its graph. It is frequently possible to use
intercepts to graph a linear function.
Definition
The point(s) where a graph intersects the x-axis are called the
x-intercept points, and the x-coordinates of these points are the
x-intercepts. The point(s) where a graph intersects the y-axis are
called the y-intercept points, and the y-coordinates of these points
are the y-intercepts.
Intercepts
To find intercepts:
1. To find the y -intercept(s) of the graph of an equation,
set x = 0 in the equation and solve for y .
Note: A linear function of x has exactly one y -intercept.
2. To find the x-intercept(s), set y = 0 and solve for x.
Note: A linear function of x has at most one x-intercept.
Intercepts
For the function x + y = 1.
1. To find the y -intercept(s) of the graph of an equation,
set x = 0 so (0) + y = 1 ⇒ y = 1 and our y -intercept is (0, 1)
2. To find the x-intercept(s), set y = 0 and solve for x. so
x + (0) = 1 ⇒ x = 1 and our y -intercept is (1, 0).
4
Note: When we found x = 1 and
y = 1; these two things
2
DO NOT go together. They are
separate things. The point(1,1) is
NOT on the line!
−1 1 2 3 4 5
−2
Chapter 1: Linear Equations 31 / 79 Math 121: : Mathematical Applications
1.3 Graphs of Linear Functions Intercepts
Example
Find the intercepts and graph the following.
(a.) 3x + 2y = 9 (b.) x = 4y
Rate of Change
Definition
The rate of change of a linear function is
called the slope of the line.
∆y y2 − y1
m= =
∆x x2 − x1
Where ∆y (read as “delta y ”)
means “change in y ”.
To find the slope of the line passing through (−2, 1) & (4, 3) we
compute
3−1 2 1
m= = =
4 − (−2) 6 3
Observe that it is also,
1−3 −2 1
m= = =
−2 − 4 −6 3
Example
Find the slope of
(a) line `1 , passing through (3, 0) and (4, −3)
(b) line `2 , passing through (−2, 1) and (−2, 4)
(c) line `3 , passing through (1, 4) and (2, 4).
Point-Slope Form
Definition
The equation of the line passing through the
point (x1 , y1 ) and with slope m can be
written in the point-slope form
y − y1 = m(x − x1 )
Point-Slope Form
To find the equation of the line passing through (−2, 1) & (4, 3) we
compute
3−1 2 1
m= = =
4 − (−2) 6 3
Then we use point-slope form
1
y −1= (x − (−2))
3
OR
1
y −3= (x − 4)
3
Example
Write an equation for each line that passes through (1, 2) and has
(a.) slope 32 (b.) undefined slope (c.) point (2, 3) also on the line.
In general, vertical lines have undefined slope and the equation form
x = a, where a is the x-coordinate of each point on the line.
The point-slope form, with the y -intercept point (0, b), can be used
to derive a special form for the equation of a line.
y − b = m(x − 0)
⇒ y = mx + b
Example (Population)
The population of guinea pigs, (in thousands), projected from 2000
to 2060 can be modeled by:
y = 1125.9x + 142,690
General Form : ax + by + c = 0
Point-Slope Form : y − y1 = m(x − x1 )
Slope-Intercept Form : y = mx + b
Vertical Lines : x = a
Horizontal Lines : y = b
Definition
A system of equations is 2 (or more)
equations. A solution of a system of equations is
a point (x, y ) that are solutions to all equations.
Graphical Solutions
Graphical Solutions
In order to discuss three special cases, we will use Desmos to solve the
systems of linear equations, and describe the graphs of each system.
a. (
2x + 3y = 12
4x + 6y = 30
b. (
8x + 6y = 24
4x + 3y = 12
c. (
2x + 3y = 4
x − 2y = 3
a. (
2x + 3y = 12
4x + 6y = 30
No Solution
b. (
8x + 6y = 24
4x + 3y = 12
c. (
2x + 3y = 4
x − 2y = 3
One Solution
Solving By Substitution
Solving By Elimination
1. Write the equations in such a way that the like terms are aligned.
2. Multiply all terms (i.e., both sides) of one equation by a
constant—and possibly all terms of the other equation by a
different constant—so that one of the sets of like terms has
opposite coefficients. (e.g., 4x & -4x)
3. Add the two equations and solve.
4. Substitute the solution into either of the original equations to
find the value of the other variable.
5. Check the solution in both of the
original equations.
Example (Investments)
Suppose that your friend has $10,000 invested in two funds. Fund A
yields an annual return of 10%, and Fund B returns 15% per year on
the investment. The total annual return from the two investments is
$1,200. How much has your friend invested in each of the funds?
1.5 Applications
The profit a firm makes on its product is the difference between the
amount it receives from sales (its revenue) and its cost.
Where
Revenue
Cost
The Cost is composed of two parts: fixed costs and variable costs.
Example
Suppose a firm manufactures MP3 players and sells them for $50
each. The costs incurred in the production and sale of the MP3
players are $200,000 plus $10 for each player produced and sold.
Write the profit function for the production and sale of x players.
Marginals
Definition
The marginal profit (MP), is the amount of profit
each addition unit sold produces.
The marginal revenue (MR), is the amount of
revenue each addition unit sold produces.
The marginal cost (MC ), is the amount of cost each
addition unit sold produces.
Note:
I MP = Slope of P(X )
I MR = Slope of R(X )
I MC = Slope of C (X )
Chapter 1: Linear Equations 69 / 79 Math 121: : Mathematical Applications
1.5 Applications Profit, Revenue, and Cost
Example
Suppose that the cost (in dollars) for a product is C = 21.75x + 4890.
What is the marginal cost for this product, and what does it mean?
Definition
Break Even is when you don’t lose or gain money, that is P(x) = 0.
Note:
So another way to find the break even point is to set R(x) = C (x).
Example
A manufacturer sells a product for $10 per unit. The manufacturer’s
variable costs are $2.50 per unit and the cost of 100 units is $1,450.
How many units must the manufacturer produce each month to
break even?
Graphing the previous example we see that if we sell less than 160
units it results in a negative profit (losing money) and if we sell more
than 160 units it results in a positive profit (gaining money).
Definition
Market equilibrium occurs when the quantity of a
commodity demanded is equal to the quantity supplied.
If the supply and demand curves for a commodity are graphed on the
same coordinate system, with the same units, market equilibrium
occurs at the point where the curves intersect.
The price at that point is the equilibrium price, and the quantity at
that point is the equilibrium quantity.
Example
Find the market equilibrium point for the following supply and
demand functions.
Demand: p = −3q + 36
Supply: p = 4q + 1
Example
A group of wholesalers will buy 50 Dryers per month if the price is
$200 and 30 per month if the price is $300. The manufacturer is
willing to supply 20 if the price is $210 and 30 if the price is $230.
Assuming both supply and demand are linear functions, find the
equilibrium point for the market.