A rate of change relates a change in an output quantity to a change in an input quantity. The average rate of change is determined using only the beginning and ending data. See
[link] .
Identifying points that mark the interval on a graph can be used to find the average rate of change. See
[link] .
Comparing pairs of input and output values in a table can also be used to find the average rate of change. See
[link] .
An average rate of change can also be computed by determining the function values at the endpoints of an interval described by a formula. See
[link] and
[link] .
The average rate of change can sometimes be determined as an expression. See
[link] .
A function is increasing where its rate of change is positive and decreasing where its rate of change is negative. See
[link] .
A local maximum is where a function changes from increasing to decreasing and has an output value larger (more positive or less negative) than output values at neighboring input values.
A local minimum is where the function changes from decreasing to increasing (as the input increases) and has an output value smaller (more negative or less positive) than output values at neighboring input values.
Minima and maxima are also called extrema.
We can find local extrema from a graph. See
[link] and
[link] .
The highest and lowest points on a graph indicate the maxima and minima. See
[link] .
Section exercises
Verbal
Can the average rate of change of a function be constant?
Yes, the average rate of change of all linear functions is constant.
economics theory describes individual behavior as the result of a process of optimization under constraints the objective to be reached being determined by
Kalkidan
Economics is a branch of social science that deal with How to wise use of resource ,s
Kassie
need
WARKISA
Economic Needs: In economics, needs are goods or services that are necessary for maintaining a certain standard of living. This includes things like healthcare, education, and transportation.
Money market is a branch or segment of financial market where short-term debt instruments are traded upon. The instruments in this market includes Treasury bills, Bonds, Commercial Papers, Call money among other.
In economics, a perfect market refers to a theoretical construct where all participants have perfect information, goods are homogenous, there are no barriers to entry or exit, and prices are determined solely by supply and demand. It's an idealized model used for analysis,
Ezea
Got questions? Join the online conversation and get instant answers!