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Maximum and Minimum in Real Life

5.6 Maximum and Minimum in Real Life

Maximum and Minimum in Real Life

  • In real life, many things can be maximised or minimised (e.g. cost, area, volume, profit, sales, etc.) for various purposes (e.g. in manufacturing, marketing etc.).
  • Using differentiation and our knowledge in absolute maximum and minimum can help to solve these problems.

Example

A farmer has sufficient fencing to make a rectangular pen of perimeter 200 metres. What dimensions will give an enclosure of maximum area?

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