Given

question 36

Multiple Choice

Given
(a) Find the intervals on which f is increasing or decreasing.
(b) Find the relative maxima and relative minima of f.

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Definitions:

Wage Cut

A reduction in the rate of pay received by workers.

Productivity

A measure of the efficiency of production, often quantified as the ratio of outputs to inputs in the production process.

Separating Equilibrium

A situation in a game or market where different types of participants (often with private information) are sorted into different groups based on their actions or choices.

Klutzes

Informal for clumsy people who are often prone to accidents or mishandling objects.