Parametrize the surface of revolution by
The magnitude of the cross product is . Integrating the surface area element over gives
Positivity of removes an otherwise necessary absolute value in the area element.
For , the Euler-Lagrange equation is
Since has no explicit dependence, the Beltrami identity gives
Solving this first integral, or substituting into the second-order equation, yields
The constants satisfy and . There need not be a solution for arbitrary endpoint data, and when there is one these equations can have more than one pair of constants. These are the possible stationary catenoids, so the axisymmetric second variation of a catenoid still matters when deciding whether they minimize surface area.
The functional is unbounded above. Let be the positive affine interpolant of the endpoint values and choose a nonnegative, nonzero, continuously differentiable vanishing at both endpoints. The admissible functions satisfy
This excludes a global maximum, but does not prove that a stationary curve is a minimum. The concluding assertion is false without additional conditions.
An explicit counterexample uses , , and the stationary function . Its second variation, for a perturbation vanishing at the endpoints, is
Choose . Since , the positive contribution is at most . On , , so the magnitude of the negative contribution is at least . Thus . Small perturbations in this direction preserve positivity and the endpoint data while decreasing surface area. Consequently this catenoid is not a local minimum. The valid conclusion from part (ii) is a necessary stationary form; minimization requires a separate stability and existence analysis.

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