The critical points satisfy both first partial derivatives equal to zero:
Substitute into the second equation to get . Thus the candidates are and .
The Hessian matrix and its determinant are
At the determinant is , so the Hessian matrix is indefinite and the point is a saddle point. At the determinant is and , so the Hessian matrix is positive definite and the point is a strict local minimum, with value
There is no local maximum. Along , is unbounded above and below, so there are no global extrema either.

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