We now have a process for finding the sensitivity of a function at any point: consider smaller and smaller changes from our point of interest, find the slope over the corresponding interval, and imagine what happens as the change becomes infinitesimal. This process is called differentiation. However, as you no doubt have noticed, these successive approximations can make for a tedious process. Our goal in this section is to find a more direct and efficient way to compute the sensitivity of a function at any point.
which now tells us the slope of \(f(x)=x^2\) at any point. Since this function \(f'\) was derived from our original function \(f\text{,}\) we’ll call \(f'\) the derivative of \(f\text{.}\)
where \(m\) and \(b\) are constants. Since the graph of a linear function is a straight line, the sensitivity over any interval is equal to the slope of the line, which is \(m\text{.}\) Hence the derivative of this function is
so the slope of the line (and hence the sensitivity over any interval) is \(0\text{.}\) This makes sense, since by definition a constant function doesn’t change as \(x\) changes, so its sensitivity should be zero. Hence the derivative of a constant function is
Given a function \(f\text{,}\) we now know how to find its sensitivity at any point. We can use this to derive a new function \(f'\text{,}\) pronounced ‘\(f\) prime’, such that \(f'(a)\) gives the sensitivity of \(f\) at any point \(x=a\text{.}\) This new function is called the derivative of \(f\text{.}\)
We will sometimes separate the notation \(\DS\dv{f}{x}\) into \(\DS\dv{x} f\) and read the symbol \(\DS\dv{x}\) as ‘the derivative with respect to \(x\text{.}\)’ The ‘with respect to’ just reminds us that \(x\) is the independent variable.
If \(u\) changes by a small amount \(\dd{u}\) and \(v\) changes by a small amount \(\dd{v}\text{,}\) we should expect the linearity properties to hold:
Derivative of \(x^2\) can be done by visualizing a square of side length \(x\) and seeing how the area changes as \(x\) changes. You get two rectangles of area \(x\dd{x}\) and a small square of area \((\dd{x})^2\text{,}\) which is ‘negligible’, so the total change in area is approximately \(2x\dd{x}\text{,}\) and we imagine that if the change were infinitesimal, the change in area would be exactly \(2x\dd{x}\text{.}\)
We’ll make this sense of ‘negligibility’ much more precise later when we introduce limits, but for now, we can just rely on intuition and the idea that if \(\dd{x}\) is very small, then \((\dd{x})^2\) is even smaller and can be ignored.
Same thing can be done with \(x^3\text{,}\) by visualizing a cube of side length \(x\) and seeing how the volume changes as \(x\) changes. You get three rectangular boxes of volume \(x^2\dd{x}\) and three rectangular boxes of volume \(x(\dd{x})^2\) and a small cube of volume \((\dd{x})^3\text{.}\) The higher powers of \(\dd{x}\) are ‘negligible’, so the total change in volume is approximately \(3x^2\dd{x}\text{,}\) and we imagine that if the change were infinitesimal, the change in volume would be exactly \(3x^2\dd{x}\text{.}\)
so \(L'(50)=0.0068\cdot 50 + 0.15=0.49\text{,}\) which is the same as the slope of the tangent line we found last section. But it’s much more direct and efficient.