Find the stationary points of the following functions and classify the stationary points as maximum, minimum or
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Question:
Findthe stationary points of the following functions andclassifythe stationary points as maximum, minimum or neither. Astationary pointof adifferentiable functionof one variable is a point on thegraphof the function where the function'sderivativeis zero.Informally, it is a point where the function "stops" increasing or decreasing (hence the name).
1) y = -x2+ x + 1
2) y = -x3+ 3x
3. A firm's short-run production function is given by
Q = 30L2-0.5L3
Find the value of L which maximizes APLand verify that MPL=APLat this point.
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