The process of finding relative maximum or minimum of a function is known as :

Related MCQs

• A ____ is a point at which a function is at a relative maximum or minimum:
• When we optimise a function, with the first order derivative equal to ___ and the second order derivative ___ the function is at a relative minimum.
• Given a total utility function, Marginal utility is obtained by finding ______
• In optimisation, with the first order derivative equal to ___ and the second order derivative ___ the function is at a maximum.
• The given function f (x) = ax + b, is an example of ____ function:
• The given function f (x) = ax2 + bx + c , is an example of ____ function:
• Demand function for a commodity is D = 44 – 7P and supply function S = 2P –10, then the equilibrium price is:
• ____ functions are a special class of homogeneous function in which the marginal rate of Technicalsubstitution is constant along the function.
• In the function, Q= α+βP, the slope coefficient is
• In the Keynesian linear consumption function Y=β1+β2X, Y represents