Business I / Unconstrained Multivariable Extrema
Practice question · Match the pairs

Match each concept to its definition.

  • Critical point
  • Hessian
  • Saddle point
  • Concavity
  • Matrix of second partial derivatives
  • Neither max nor min, up in one direction, down in another
  • Surface curves downward, ensures a maximum
  • Where all first partial derivatives are zero
Hints
  1. One condition finds candidates; the other classifies them.
  2. One term names the matrix of second derivatives.
Show the answer
  • Critical point Where all first partial derivatives are zero
  • Hessian Matrix of second partial derivatives
  • Saddle point Neither max nor min, up in one direction, down in another
  • Concavity Surface curves downward, ensures a maximum
Why

Find candidates (FOC), test them (Hessian), interpret the geometry (saddle vs extremum).

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