Find the Critical Point(s) of the Function

question 12

Multiple Choice

Find the critical point(s) of the function. Then use the second derivative test to classify the nature of each point, if possible. Finally, determine the relative extrema of the function. ​ ​

• A) ; relative maximum value:
• B) and ; relative maximum value: ; relative minimum value:
• C) ; saddle point:
• D) and ; saddle point: ; relative minimum value:
• E) there are no critical points

Understand various fulfillment models and their application in supply chain management.

Appreciate the role of logistics and supply chain decisions on network design and functionality.

Recognize the significance of multi-channel and omni-channel strategies in modern business practices.

Identify steps in the supply chain network redesign process.

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Definitions:

Laspeyres Price Index

An index that measures the change in the price of a basket of goods and services based on the quantities purchased in a base period.

Base Year

A specific year against which economic or financial data is compared to assess changes or growth over time.

Current Year

The ongoing or present calendar year.

WARP

The Weak Axiom of Revealed Preference (WARP) is a criterion used to check for consistency in consumer choice behavior under the assumption of rationality.