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Sections 4.3 and 4.4 Quadratic Functions and Their Properties Quadratic Function A quadratic function of the variable x is a function that can be written in the form f ( x) ax bx c 2 a 0 where a, b, and c are fixed real numbers. Also, the domain of f is all real numbers, namely, (, ). Example: f ( x) 12 x 2 3x 1 Quadratic Function The graph of a quadratic function is a parabola. f ( x) ax bx c 2 a>0 a 0 a<0 Vertex, Intercepts, Symmetry Vertex coordinates are: b x , 2a b y f 2a y – intercept is: x0 yc x – intercepts are solutions of symmetry ax bx c 0 b x 2a 2 Graph of a Quadratic Function Example 1: Sketch the graph of f ( x) x 2 x 8 2 Vertex: b 2 x 1 y f (1) 9 2a 2 y – intercept x0 y 8 x – intercepts x 2x 8 0 2 x 4, 2 Graph of a Quadratic Function Example 1: Sketch the graph of f ( x) x 2 x 8 2 Absolute Minimum of f is: b y f (1) 9 at x 1 2a Absolute Maximum of f is: Does not exist Range of f is: [9, ) Graph of a Quadratic Function Example 2: Sketch the graph of f ( x) 4 x 12 x 9 2 Vertex: b 12 3 x y f (3 / 2) 0 2a 2 4 2 y – intercept x0 y 9 x – intercepts 4x 12x 9 0 x 3/ 2 2 Graph of a Quadratic Function Example 2: Sketch the graph of f ( x) 4 x 12 x 9 2 Absolute Minimum of f is: b y f (3 / 2) 0 at x 3/ 2 2a Absolute Maximum of f is: Does not exist Range of f is: [0, ) Graph of a Quadratic Function 1 2 Example 3: Sketch the graph of g ( x) x 4 x 12 2 Vertex: b x 4 y f (4) 4 2a y – intercept x0 y 12 x – intercepts 1 2 x 4 x 12 0 2 no solutions Graph of a Quadratic Function 1 2 Example 3: Sketch the graph of g ( x) x 4 x 12 2 Absolute Minimum of f is: Does not exist Absolute Maximum of f is: b y f (4) 4 at x 4 2a Range of f is: ( , 4] Applications Example: For the demand equation below, express the total revenue R as a function of the price p per item and determine the price that maximizes total revenue. q( p) 3 p 600 R( p) pq p 3 p 600 3 p 600 p 2 Maximum is at the vertex, p = $100 Applications Example: As the operator of Workout Fever Health Club, you calculate your demand equation to be q 0.06p + 84 where q is the number of members in the club and p is the annual membership fee you charge. 1. Your annual operating costs are a fixed cost of $20,000 per year plus a variable cost of $20 per member. Find the annual revenue and profit as functions of the membership price p. 2. At what price should you set the membership fee to obtain the maximum revenue? What is the maximum possible revenue? 3. At what price should you set the membership fee to obtain the maximum profit? What is the maximum possible profit? What is the corresponding revenue? Solution The annual revenue is given by R( p) pq p 0.06 p 84 2 0.06 p 84 p The annual cost as function of q is given by C (q ) 20000 20q The annual cost as function of p is given by C ( p ) 20000 20q 20000 20 0.06 p 84 1.2 p 21680 Solution Thus the annual profit function is given by P( p ) R C ( 0.06 p 84 p ) 1.2 p 21680 2 0.06 p 2 85.2 p 21680 The graph of the revenue function R 0.06 p 2 84 p is b 84 Maximum is at the vertex p $700 2a 2( 0.06) The graph of the revenue function R 0.06 p 2 84 p is Maximum revenue is R(700) $29, 400 The profit function is P( p) 0.06 p 2 85.2 p 21680 b 85.2 Maximum is at the vertex p $710 2a 2(0.06) The profit function is P( p) 0.06 p 2 85.2 p 21680 Maximum profit is P (710) $8,566 Corresponding Revenue is R(710) $29,394 Vertex Form of a Parabola Vertex Form of a Parabola To get the vertex form of the parabola we complete the square in x as indicated in the next steps: Vertex Form of a Parabola Standard form Vertex form Vertex Form of a Parabola Example: Find the vertex form of f ( x) 2 x 8 x 5 2 f ( x) 2 x 2 4 x __ 5 2 __ f ( x) 2 x 2 4 x 4 5 2 4 f ( x) 2 x 2 3 2 Vertex Form of a Parabola Use the vertex form of f ( x) 2 x 2 8 x 5 to graph the parabola f ( x) 2 x 2 3 2 Vertex Form of a Parabola Use the vertex form of f ( x) 2 x 2 8 x 5 to graph the parabola f ( x) 2 x 2 3 2 Find a Quadratic Function Given Its Vertex and One Other Point Vertex Form of a Parabola Determine the quadratic function whose vertex is (2, 3) and whose y-intercept is 1. f x a x h k a x 2 3 2 2 y Using the fact that the y-intercept is 1: 1 a 0 2 3 1 Thus 1 4a 3 and a 2 2 1 2 f x x 2 3 2 x More Examples Maximizing Revenue The marketing department at Widgets Inc. found that, when certain widgets are sold at a price of p dollars per unit, the number x of widgets sold is given by the demand equation x = 1500 30p 1. Find a model that expresses the revenue R as a function of the price p. 2. What is the domain of R? 3. What unit price should be used to maximize revenue? 4. If this price is charged, what is the maximum revenue? Maximizing Revenue The marketing department at Widgets Inc. found that, when certain widgets are sold at a price of p dollars per unit, the number x of widgets sold is given by the demand equation x = 1500 30p 1. Find a model that expresses the revenue R as a function of the price p. 2. What is the domain of R? 1. Revenue R xp 1500 30 p p 30 p2 +1500p p 50 2. x 0 so 1500 30 p 0 30 p 1500 The domain of R is p 0 p 50 [0,50] Maximizing Revenue The marketing department at Widgets Inc. found that, when certain widgets are sold at a price of p dollars per unit, the number x of widgets sold is given by the demand equation x = 1500 30p 3. What unit price should be used to maximize revenue? 4. If this price is charged, what is the maximum revenue? b 1500 3. p $25 2a 2(30) 4. R(25) 30 25 1500 25 $18, 750 2 Maximizing Revenue The marketing department at Widgets Inc. found that, when certain widgets are sold at a price of p dollars per unit, the number x of widgets sold is given by the demand equation x = 1500 30p 5. How many units are sold at this price? 6. Graph R. 7. What price should Widgets Inc. charge to collect at least $12,000 in revenue? Maximizing Revenue The marketing department at Widgets Inc. found that, when certain widgets are sold at a price of p dollars per unit, the number x of widgets sold is given by the demand equation x = 1500 30p 5. x 1500 30 25 = 750 7. 12000 30 p 2 1500 p 30 p 2 1500 p 12000 0 30 p 2 50 p 40 0 30( p 10)( p 40) 0 p 10 or p 40 So the company should charge between $10 and $40 to earn at least $12,000 in revenue. Maximizing Area A farmer has 1600 yards of fence to enclose a rectangular field. What are the dimensions of the rectangle that encloses the most area? A xw 2x 2w 1600 w 800 x A x(800 x) x 2 800 x b 800 x 400 w 800 400 400 2a 2(1) The farmer should make the rectangle 400 yards by 400 yards to enclose the most area. Projectile Motion 1. Find the maximum height of the projectile. b 1 1 5000 x 2500 2a 2 32 1 2 2 2 400 5000 1 2 h 2500 2500 2500 500 1750 ft 5000 Projectile Motion 2. How far from the base of the cliff will the projectile strike the water? 1 2 h x x x 500 0 5000 1 1 1 4 500 5000 x 1 2 5000 2 x 458 or 5458 Solution cannot be negative so the projectile will hit the water about 5458 feet from the base of the cliff. The Golden Gate Bridge The Golden Gate Bridge The Golden Gate Bridge