# Application of maxima and minima pdf

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## Theory and Economic Applications

This application is also important for functions of two or more variables, but as we have seen in earlier sections of this chapter, the introduction of more independent variables leads to more possible outcomes for the calculations. The main ideas of finding critical points and using derivative tests are still valid, but new wrinkles appear when assessing the results. For functions of a single variable, we defined critical points as the values of the variable at which the function's derivative equals zero or does not exist.

### Applications

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It seems that you're in Germany. We have a dedicated site for Germany. Questions of maxima and minima have great practical significance, with applications to physics, engineering, and economics; they have also given rise to theoretical advances, notably in calculus and optimization. Indeed, while most texts view the study of extrema within the context of calculus, this carefully constructed problem book takes a uniquely intuitive approach to the subject: it presents hundreds of extreme-value problems, examples, and solutions primarily through Euclidean geometry. By exposing readers to a wealth of creative problem-solving approaches, the text communicates not only geometry but also algebra, calculus, and topology.

## Maxima and Minima

The terms maxima and minima refer to extreme values of a function , that is, the maximum and minimum values that the function attains. Maximum means upper bound or largest possible quantity. The absolute maximum of a function is the largest number contained in the range of the function. That is, if f a is greater than or equal to f x , for all x in the domain of the function, then f a is the absolute maximum. Every value of x produces a value of the function that is less than or equal to 22, hence, 22 is an absolute maximum.

The need to find local maxima and minima arises in many situations. The first example we will look at is very familiar, and can also be solved without using calculus. Examples of solving such problems without the use of calculus can be found in the module Quadratics. Find the dimensions of a rectangle with perimeter metres so that the area of the rectangle is a maximum. The rectangle is a square with side lengths metres. Interactive 1.

### Theory and Economic Applications

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In mathematical analysis , the maxima and minima the respective plurals of maximum and minimum of a function , known collectively as extrema the plural of extremum , are the largest and smallest value of the function, either within a given range the local or relative extrema , or on the entire domain the global or absolute extrema. As defined in set theory , the maximum and minimum of a set are the greatest and least elements in the set, respectively. Unbounded infinite sets , such as the set of real numbers , have no minimum or maximum. Symbolically, this can be written as follows:.

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