Web Reference: Nov 16, 2022 · Here is a set of practice problems to accompany the Optimization section of the Applications of Derivatives chapter of the notes for Paul Dawkins Calculus I course at Lamar University. 4.7.1Set up and solve optimization problems in several applied fields. One common application of calculus is calculating the minimum or maximum value of a function. For example, companies often want to minimize production costs or maximize revenue. For each of the following problems, model the situation with a function that represents the quantity to be optimized. Then, use your understanding of calculus to find the maximum or minimum as required.
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