Solution

ID: past-exam-of-the-mathematics-course-of-the-university-of-oxford/2017/prelims/mathematics-iii/3/b/solution

The critical points satisfy
Substitute to obtain . Thus the only critical points are and .
The Hessian matrix and Hessian determinant are
At , , so this is a saddle point. At , and , so this is a strict local minimum. Therefore
The value at the local minimum is ; there is no local maximum.

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