Find the Absolute Maximum Value and the Absolute Minimum Value

question 90

Multiple Choice

Find the absolute maximum value and the absolute minimum value, if any, of the given function.

• A) Absolute maximum value: ; absolute minimum value:
• B) Absolute maximum value: ; absolute minimum value:
• C) Absolute maximum value: ; absolute minimum value:
• D) No absolute extrema

---

Definitions:

Comparative Advantage

The ability of an individual or country to produce a good or service at a lower opportunity cost than others, leading to more efficient international trade.

Opportunity Cost

The cost of foregoing the next best alternative when making a decision.

Domestic Opportunity Cost

The cost of forgoing the next best alternative use of a country's own resources.