Find the Relative Extrema, If Any, Of $f(t)=e^{t}-7 t-3$ Use the Second Derivative Test, If Possible

question 127

Multiple Choice

Find the relative extrema, if any, of $f(t) =e^{t}-7 t-3$ . Use the Second Derivative Test, if possible.

• A) relative minimum: none, relative maximum: \(f(\ln 3)=-7 \ln 7\)
• B) relative minimum: \(f(\ln 7)=4-7 \ln 7\) , relative maximum: none
• C) relative minimum: \(f(\ln 3)=-7 \ln 7\) , relative maximum: none
• D) relative minimum: none, relative maximum: \(f(\ln 7)=4-7 \ln 7\)

Understand the fundamental characteristics of monopolies, including demand curves and industry supply.

Recognize the role of economies of scale and natural monopolies in the industry.

Distinguish between short-run and long-run profit maximization strategies for monopolists.

Identify factors leading to the existence of monopolies, including legal barriers and control of resources.

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