The Graph of a Function F Is Given

question 239

Multiple Choice

The graph of a function f is given. Use the graph to answer the question.
-Find the values of x, if any, at which f has a relative minimum. What are the relative minima?

• A)f has a relative minimum at x = 0; the relative minimum is 2
• B)f has no relative minimum
• C)f has a relative minimum at x = -2 and 2; the relative minimum is 0
• D)f has a relative minimum at x = -2; the relative minimum is 0

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Definitions:

Variable Costs

Costs that change in proportion to the level of output or activity in a business.

Economic Profits

The surplus remaining after total costs are deducted from total revenue, factoring in both explicit and opportunity costs.

Normal Rate

Refers to the standard, expected rate in financial or economic contexts, often used as a benchmark.

Short Run

The period of time for which two conditions hold: The firm is operating under a fixed scale (fixed factor) of production, and firms can neither enter nor exit an industry.