Find the Absolute Maximum Value and the Absolute Minimum Value

question 25

Multiple Choice

Find the absolute maximum value and the absolute minimum value, if any, of the given function. ​ ​

• A) Absolute maximum value: ; absolute minimum value: none
• B) Absolute maximum value: ; absolute minimum value: none
• C) Absolute maximum value: none; absolute minimum value:
• D) No absolute extrema

---

Definitions:

Maximize Utility

The process or goal of obtaining the highest level of satisfaction or benefit from consuming goods and services, given a consumer's limitations, such as income or resources.

Income

The financial gain received by an individual or entity, typically measured over a period of time, deriving from labor, investment, or business ventures.

Marginal Utility

The additional satisfaction or benefit received by consuming one more unit of a good or service.

Money Income

The total amount of monetary earnings received by an individual or household before any deductions like taxes or social security contributions.