In the last Credit Unit we studied linear functions useful in modeling demand/supply functions and cost functions. In this unit we will briefly review quadratic functions which are useful in modeling revenue and profit functions. We will also begin the study of calculus by investigating average rates of change and instantaneous rates of change in a business context. Concepts will be viewed from a numerical, graphical, and symbolic viewpoint.
Apply calculus to solve problems with confidence, persistence, and openness to alternate approaches.
Interpret and communicate the concepts of rates of change and derivatives.
Connect the graphical behavior, numerical patterns and symbolic representations of function and derivatives.
Use a graphing calculator and/or other technology to solve applied problems.