The Critical Point for the Function Y = 7x² -

question 28

Multiple Choice

The critical point for the function y = 7x² - 7x + 4 lies at

• A)x = -1.
• B)x = 1.
• C)x = -1/2.
• D)x = 1/2.

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Definitions:

Money Income

The total amount of monetary earnings received by an individual or household, including wages, salaries, and investment returns.

Fixed

Relates to assets or costs that do not change with the level of production or business activity in the short term.

Linear

A term describing something arranged in or extending along a straight or nearly straight line.

Indifference Curves

Graphical representations used in microeconomics to show combinations of two goods that give a consumer equal satisfaction and utility.