Identify the Function's Local and Absolute Extreme Values, If Any $$f ( r ) = ( r - 10 ) ^ { 3 }$$

question 31

Multiple Choice

Identify the function's local and absolute extreme values, if any, saying where they occur.
- $$f ( r ) = ( r - 10 ) ^ { 3 }$$

• A) local minimum: x = 0
• B) no local extrema
• C) local minimum: x = 10
• D) local minimum: x = 0; local maximum: x = 10

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Definitions:

Learning-by-doing

An economic concept that suggests productivity and efficiency improve through practice and the accumulation of experience.

Spreading the Overhead

The practice of distributing fixed costs over a variety of products, projects, or business units to ensure efficiency and reduce the overall cost per unit.

Economies of Scale

The cost advantage that arises with increased output of a product, as the fixed costs are spread over more units of production.

Diseconomies of Scale

This occurs when a company grows so large that the costs per unit increase.