Find the Relative Extrema, If Any, of the Function

question 48

Multiple Choice

Find the relative extrema, if any, of the function. Use the second derivative test, if applicable. ​ ​

• A) Relative minimum:
• B) Relative maximum:
• C) Relative minimum:
• D) Relative maximum:
• E) none

---

Definitions:

Level Of Satisfaction

A measure of how goods, services, or conditions meet an individual's needs, desires, or expectations.

Risk Averse

A description of an individual or entity that prefers to avoid risk or chooses lower risk options when faced with uncertainty, often prioritizing security over potential higher returns.

Utility Function

A mathematical representation describing how consumers rank different bundles of goods based on the level of satisfaction they provide.

Marginal Utility

The extra pleasure or benefit derived from the consumption or utilization of an additional unit of a product or service.