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From Mathematics for Economists, Simon and Blume, page 432 Exercise 18.1 For the problem of Example 18.5, draw Ch and some level sets of f, as in...

From Mathematics for Economists, Simon and Blume, page 432

Exercise 18.1
For the problem of Example 18.5, draw Ch and some level sets of f, as in Figure 18.1, to get a geometric interpretation of the solutions. Use this picture to determine whether the points (0,+-(3)^(1/2)) are local max, local min, or neither.

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