When does f(x, y) have a local maximum at (x0, y0)?
If f(x, y) < f(x0, y0) in the vicinity of (x0, y0).
When does f(x, y) have a local minimum at (x0, y0)?
If f(x, y) > f(x0, y0) in the vicinity of (x0, y0).
What is a critical (stationary) point of f(x, y)?
A point (x0, y0) where: ∂f/∂x (x0, y0) = 0 and ∂f/∂y (x0, y0) = 0.
what is Second Derivative Test for f(x, y))
At a critical point (x0, y0), compute: Δ = (∂²f/∂x²)(∂²f/∂y²) − (∂²f/∂x∂y)².
If Δ < 0 → saddle point
If Δ > 0 and ∂²f/∂x² < 0 → local maximum
If Δ > 0 and ∂²f/∂x² > 0 → local minimum
If Δ = 0 → test inconclusive (need higher-order Taylor expansion)
What are the steps of the Lagrange Multiplier method?
Identify f(x, y, z) to maximise/minimise.
Identify constraint g(x, y, z) = 0.
Construct F(x, y, z, λ) = f(x, y, z) − λg(x, y, z).
Solve ∂F/∂x = 0, ∂F/∂y = 0, ∂F/∂z = 0, plus g(x, y, z) = 0.
Find x, y, z, λ → stationary points.
Evaluate f(x, y, z) at those points to determine maxima/minima.