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MeMoses
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Homework Statement
f(x,y) = x^3 - 3x^2 - 6xy + 7y + y^2, x>=0, y>=0
i) Explain why f attains its minimum value on the quadrant.
ii) Find the critical points and classify them
Homework Equations
df/dx = 3x^2 - 6x -6y
df/dy = -6x + 7 +2y
d^2f/dx^2 = 6x-6
d^2f/dy^2 = 2
d^2f/(dxdy) = -6
The Attempt at a Solution
It's been awhile since I've done problems like this. Hopefully I am making some sense.
I'm not sure about i). Couldn't x=-infinity and y=-1 yield -infinity?
For ii) I get the critical points to be (7, 35/2) and (1, -1/2), but (1, -1/2) is not in the constraints. fxx is positive and the determinant of the Hessian at the first point is negative so it is a saddle point. If the constraints weren't there, how would I figure out the other point since fxx=0?
iii) I'm not sure the best way to go about this. Help would be appreciated.
Thanks