Find the Absolute Extrema of the Function on the Closed

question 85

Multiple Choice

Find the absolute extrema of the function on the closed triangular region with vertices , and .

• A)Absolute minimum 5, Absolute maximum 17
• B)Absolute minimum -5, Absolute maximum 5
• C)Absolute minimum 0, Absolute maximum 5
• D)Absolute minimum -5, Absolute maximum 17

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Definitions:

Contestable Markets

Markets where the entry and exit of firms are so easy that the market always remains competitive, ensuring that prices remain close to marginal costs.

Barriers To Entry

obstacles that make it difficult for new competitors to enter a market, including high startup costs, access to technology, and stringent regulations.

Competitive

Characterizes a market scenario where multiple sellers strive to attract customers by offering better terms, prices, or products.