Find All the Local Maxima, Local Minima, and Saddle Points $$f ( x , y ) = x ^ { 2 } + 14 x + y ^ { 2 } - 4 y + 3$$

question 361

Multiple Choice

Find all the local maxima, local minima, and saddle points of the function.
- $$f ( x , y ) = x ^ { 2 } + 14 x + y ^ { 2 } - 4 y + 3$$

• A) f(7, -2) = 162, local maximum
• B) f(-7, 2) = -50, local minimum
• C) f(-7, -2) = -34, saddle point
• D) f(7, 2) = 146, saddle point

Understand and apply net present value (NPV) and investment decision rules in selecting investment projects.

Evaluate the financial impact of decision alternatives in special scenarios such as scrapping or rebuilding units.

Utilize the internal rate of return (IRR) and profitability index in comparing and selecting projects.

Recognize and differentiate between capital budgeting methods that consider and do not consider the time value of money.

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