Mathematics
Calculus: Integration
Definite integrals, area under a curve, and an applied consumer-surplus example.
The definite integral gives the signed area between and the -axis from to . By the Fundamental Theorem of Calculus, if then . The power rule for integration is (for ).
1. A definite integral
easyEvaluate .
Show solution
An antiderivative is .
.
2. Area under a parabola
mediumFind the area bounded by and the -axis between the curve's two roots.
Show solution
Roots: . On the curve is above the axis, so the area is
.
At : . At : .
Area .
3. Consumer surplus
hardDemand is . The market clears at quantity and price . Consumer surplus is the area between the demand curve and the price line from to : . Compute it.
Show solution
.
CS = \int_0^{30}(60 - 2q)\,dq = \left[60q - q^2\right]_0^{30} = (1800 - 900) - 0 = \900$.
This equals the area of the triangle above the price and below the demand curve: — the total value buyers received above what they paid.