When we optimise a function, with the first order derivative equal to ___ and the second order derivative ___ the function is at a relative minimum.

Related MCQs

• In optimisation, with the first order derivative equal to ___ and the second order derivative ___ the function is at a maximum.
• Mathematically ____ is the first derivative of the consumption function.
• The first derivative measures the rate of change or ____ of a function:
• The process of finding relative maximum or minimum of a function is known as :
• A ____ is a point at which a function is at a relative maximum or minimum:
• Demand function for a commodity is D = 44 – 7P and supply function S = 2P –10, then the equilibrium price is:
• 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:
• ____ functions are a special class of homogeneous function in which the marginal rate of Technicalsubstitution is constant along the function.
• A perfectly competitive firm should reduce output or shut down in the short run if market price is equal to marginal cost and price is: