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Suppose that you want to maximize the value of the function f(x) = x^3-6x^2+9x, subject to 0 less than or equal x less than or equal 5.
(a) Which value(s) of x satisfy the first-order condition for this maximization problem?
(b) Which value(s) of x are boundary points?
(c) Which value(s) of x solve the maximization problem?
(d) What is the maximized value of the function?
Now suppose you want to minimize the value of the function, subject to 0 less than or equal x less than or equal 5.
(e) Which value(s) of x solve the minimization problem?
(f) What is the minimized value of the function?
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q1. bmme5103 2 forgone entrepreneurial income to be 10000 a year. she used 500000 in savings that earned 5 percent
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A binding price ceiling...
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