27 videos in "Derivatives / Rules of Derivatives"
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Introduction to Derivatives
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The Derivative
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Calculation of Derivatives
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Derivatives of Trigonometric Functions
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Leibniz Notation and the Chain Rule
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Rectilinear Motion
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Higher-Order Derivatives
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Critical Numbers and the First Derivative Test
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Concavity and the Second Derivative Test
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The Power Rule
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Derivatives Part 1
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Derivatives Part 2
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Derivatives Part 3
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![[C.2] Numerical Derivative preview image](http://pi.mathvids.com/thumbs/1286-1.jpg)
[C.2] Numerical Derivative
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![[C.3] Elasticity preview image](http://pi.mathvids.com/thumbs/1287-1.jpg)
[C.3] Elasticity
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Derivative of a Sum-Product-Quotient-Composition
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Sign of Derivative and Increasing or Decreasing
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Increasing or Decreasing Derviative from Function
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Cartesian Graphs and the Second Derivative
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Excel Project 1 - Acceleration of Sales
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Notations and Power Rule
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Chain Rule
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Derivative of Exponential
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Max and Min
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Elasticity Part 1
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Elasticity Part 2
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Elasticity Part 3 - Calculator
Elasticity Part 3 - Calculator
Elasticity Part 3 - Calculator
1089 views - 00:10:16
Part of video series Business Applications of the Derivative
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Be able to compute the elasticity of a commodity at any price given the demand function. Use the elasticity function to find the maximum revenue and corresponding price/quantity of the commodity.
- Notes - Notes on Elasticity
- Elasticity slides - Slides from the video on Elasticity
- What is elasticity?
- How does elasticity relate to maximum revenue?
- What is the formula for maximum revenue?
- How do you maximize revenue for a situation using a TI graphing calculator?
- How do you find the elasticity for a situation at a certain point?
- How can you find where elasticity is 1 by using the table on a TI graphing calculator?
- How can you find where elasticity is 1 using a graph on a TI graphing calculator?
This lesson is the finale of the elasticity miniseries. You will learn how to maximize revenue for the same problem used in the previous two videos, but on a TI graphing calculator this time. This is a great tutorial for learning this skill on a graphing calculator. All parts of the problem are answered, including the price at which revenue is maximized, the number of products that need to be sold, and what the maximum revenue is.
