Which Point or Points Are Local Optima in This Diagram

question 2

Multiple Choice

Which point or points are local optima in this diagram? The dashed line represents the objective function and the objective is to maximize the value of the objective function.

• A) D
• B) E
• C) F
• D) D, F

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Definitions:

Asset

A resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide future benefit.

Gain or Loss

The difference in value from when an asset is purchased to when it is sold, determining whether a transaction has resulted in a profit or loss.

Classification

In the context of finance and business, classification refers to the categorization or grouping of items, assets, or transactions based on certain criteria or characteristics, often for reporting, analysis, or regulatory compliance.

Inherited Property

Property one receives from a deceased person's estate, subject to specific tax rules and basis determinations.