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ECON6003/ECON6703 Mathematical Methods of Econ Analysis Assignment 1
Numerical
Find the value of x at which the following function has a local minimum: ๐ ( ๐ฅ ) = ๐ฅ ( ๐ฅ 2 โ 5 ) 1 3
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The problem asks for the value(s) of x where the function f(x) = x (x^2 โ 5)^{1/3} has a local minimum. Iโll start by differentiating the function carefully. Let g(x) = (x^2 โ 5)^{1/3}. Then f(x) = x g(x). Using the product rule, f'(x) = g(x) + x g'(x). Next, compute g'(x): g'(x) = (1/3)(x^2 โ 5)^{โ2/3} ยท (2x) = (2x/3)(x^2 โ 5)^{โ2/3}. Substituting back gives f'(x) = (x^2 โ 5)^{1/3} + x ยท (2x/3)(x^2 โ 5)^{โ2/3}.
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