Derivatives: Real Life Applications #5
☝️Derivatives can be used to solve extremum problems. Here we make an example exercise step-by-step. In particular, we are calculating at what velocity a ship must travel to minimise the economic cost.
⏱ Timestamps:
0:00 Intro
00:17 Problem Context
02:09 Problem Statement
03:38 Step 1: Find The Function
05:57 Step 2: Derivative
07:38 Step 3: Check your result!
09:06 Outro
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