What is the importance of max/min problems in the real world today?
facts and examples are much appreciated!!
They are one of the most practical Calculus applications...max and min problems tell given a distance equation when a particle is at rest and where it changes direction...how to maximize profit in the making of tin cans what dimensions offer the best profit...they help with finding the best inventory/sale ratio...they also help find whats the best way to set up your fencing so that the max area is enclosed