Solve the Problem $f ( x ) = 2 x ^ { 2 } + 3 x + 5$

question 329

Multiple Choice

Solve the problem.
-Estimate graphically the local maximum and local minimum of $f ( x ) = 2 x ^ { 2 } + 3 x + 5$ .

• A) Local maximum: \(3.88\); local minimum: \(- 0.75\)
• B) Local maximum: \(3.88\); no local minimum
• C) No local maximum; local minimum: \(- 0.75\)
• D) No local maximum; local minimum: \(3.88\)

---

Definitions:

Consumer Surplus

The variation between the sum consumers are willing to allocate for a good or service and the sum they actually allocate.

Surplus II

An additional amount of a resource, product, or service that exceeds the amount demanded or utilized.

Consumer Surplus

The discrepancy between what consumers are willing to spend on a good or service and their actual expenditures.

Surplus II

An excess of supply over demand in the market, leading to excess goods and potential lower prices.