Solution

ID: past-exam-of-the-probability-statistics-and-options-ii-course-of-the-university-of-oxford/2009/g/g2/solution

At a regular constrained stationary curve, choose a constant multiplier and make the augmented functional stationary under endpoint-fixed variations. Its integrand is and the equation is . This normal multiplier formulation requires the first variation of the constraint not to vanish identically; the usual abnormal case would require two multipliers. When ,
so is constant, proving the requested first integral.
For the chain, , so the fixed physical length is exactly . Its gravitational potential, apart from the constant factor , is . Thus , and the Euler–Lagrange equation is
The first integral becomes , after renaming the constant with the opposite sign. The differential equation also gives , so the nondegenerate solution integrates to . Equal endpoint heights force : the two cosh values agree only when their arguments are equal or opposite, and excludes the former. Hence
For the hanging energy minimum take . Since ,
For the length equation has exactly one positive solution: its right side decreases from infinity to as increases from zero to infinity. For the only feasible shape is the straight segment, obtained as a limiting case; for no chain can span the endpoints. A negative gives the inverted stationary catenary, rather than the physically hanging minimum.

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