​Approximate the Critical Numbers of the Function Shown in the Graph

question 121

Multiple Choice

​Approximate the critical numbers of the function shown in the graph and determine whether the function has a relative maximum,a relative minimum,an absolute maximum,an absolute minimum,or none of these at each critical number on the interval shown. ​ ​

• A) ​The critical number ​​ yields an absolute maximum and the critical number yields an absolute minimum.
• B) ​Both the critical numbers & yield an absolute maximum.
• C) ​The critical number yields an absolute minimum and the critical number yields an absolute maximum.
• D) ​Both the critical numbers and yield an absolute minimum.
• E) ​The critical number yields a relative minimum and the critical number yields a relative maximum.

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Definitions:

Total Revenue

The total income a firm receives from the sale of its goods or services before any costs or expenses are subtracted.

Least Elastic

Refers to the degree of responsiveness or sensitivity of demand or supply to changes in prices, with the least elastic being the least responsive.

Straight-Line Demand

Straight-Line Demand refers to a demand curve that shows a constant rate of change in the quantity demanded as price changes.

Percentage of Income

A measure indicating what portion or ratio of one's income is allocated to a specific expenditure or category.