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FUNDAMENTALS OF MATHEMATICS DIFFERENTIAL CALCULUS by Sanjay Mishra

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MAXIMA AND MINIMA
INTRODUCTION

You may not be interested but one who looks after the supply and management of a power to a city always tries to know exactly when the demand (power consumption) is maximum or minimum so that the according arrangements can be done. Similarly the people who deal with shares want to exactly know as to when the value of a particular share will be minimum so that they can purchase and when will it be the maximum so that they can sell it. The value of a share is actually a variable dependent upon so many variables. Applications of derivative (i.e., maxima/ minima is done almost in all walks of life e.g., botany, environmental sciences, politics, designing of water tanks, dams, grains silos and various storage tanks ...

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