Use the Maximum/minimum Finder on a Graphing Calculator to Determine $$f ( x ) = x ^ { 4 } - 3 x ^ { 3 } - 21 x ^ { 2 } + 74 x - 41$$

question 18

Multiple Choice

Use the maximum/minimum finder on a graphing calculator to determine the approximate location of all local extrema.
- $$f ( x ) = x ^ { 4 } - 3 x ^ { 3 } - 21 x ^ { 2 } + 74 x - 41$$

• A) Approximate local maximum at 1.604; approximate local minima at -3.089 and 3.735
• B) Approximate local maximum at 1.649; approximate local minima at -3.098 and 3.768
• C) Approximate local maximum at 1.541; approximate local minima at -3.113 and 3.799
• D) Approximate local maximum at 1.593; approximate local minima at -3.004 and 3.645

Understand the historical average annual compound return for stocks and the impact of inflation on these returns.

Recognize the role of the stock market in channeling individual savings into wealth-creating activities and the historical comparison between stocks and bonds returns.

Grasp the concept of risk and return in stock ownership, including the variability of returns and the rationale behind the higher average returns of stocks compared to bonds.

Identify the key characteristics of stocks and bonds, including their risk profiles and returns.

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Definitions:

Annual Lease

A contract or agreement that outlines the terms under which one party agrees to rent property from another party for a period of one year.

Payments to Workers

Financial remuneration provided to employees for their labor, often in the form of wages or salaries.

Entrepreneur's Forgone Interest

The potential revenue lost by investing in one's own business instead of utilizing those funds in an alternative investment.

Normal Profit

The level of profit necessary for a company to remain competitive in the market, covering opportunity costs, but not creating economic profit.