A. x = − 5 is a local minimum. B. There are no critical points that are local maxima according to the Second Derivative Test. A. x = 5 is a critical point for which the Second Derivative Test is inconclusive.
Examples
Understanding critical points and the second derivative test is crucial in many fields. For example, in economics, businesses use these concepts to find the production level that maximizes profit or minimizes cost. By analyzing the first and second derivatives of cost and revenue functions, companies can identify optimal operating points.