Locate the Absolute Extrema of the Given Function on the Closed

question 37

Multiple Choice

Locate the absolute extrema of the given function on the closed interval . ​ ​

• A) absolute max: ; absolute min
• B) absolute max: ; absolute min
• C) absolute max: ; absolute min
• D) absolute max: ; no absolute min
• E) no absolute max; absolute min:

---

Definitions:

Sacrifice Ratio

An economic term that refers to the amount of production or output that must be forgone in order to reduce inflation by one percentage point.

Disinflates

The process of reducing the rate of inflation; a slowing in the rate at which prices increase, typically as a result of monetary policy actions.

Sacrifice Ratio

The sacrifice ratio is an economic concept that measures the cost of reducing inflation in terms of lost output or unemployment.

Disinflates

A process in which the rate of inflation decreases over time but does not turn negative.