For the Graph of the Function Y = F(x), Find $f ( 3 ) = 6 ;$

question 34

Multiple Choice

For the graph of the function y = f(x) , find the absolute maximum and the absolute minimum, if it exists.
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• A) Absolute maximum: \(f ( 3 ) = 6 ;\) Absolute minimum: \(f ( 5 ) = 1\)
• B) Absolute maximum: \(f ( 7 ) = 4\); Absolute minimum: \(f ( 0 ) = 2\)
• C) Absolute maximum: \(\mathrm { f } ( 3 ) = 6\); Absolute minimum: none
• D) Absolute maximum: \(f ( 3 ) = 6\); Absolute minimum: \(f ( 0 ) = 2\)

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Definitions:

Economic Rent

A return on an asset or payment to a factor of production in excess of what's necessary to keep it in its current use.

LAC

Long-run Average Cost, which represents the per unit cost of production when all inputs, including capital, are variable.

Oil Reserves

Quantities of crude oil held underground that have been discovered and are considered recoverable under current economic and operational conditions.

Competitive Equilibrium

A state in a market where the supply of goods matches demand, with no incentive for price change, resulting from the competition among many buyers and sellers.