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Business Mathematic

Lecture on Conditions for Maximum and Minimum Values

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A maximum value of a function is one that is greater than any values immediately preceding or following. A minimum value of a function is one that is less than any values immediately preceding or following. In mathematics, the maximum and minimum of a function, known collectively as extrema are the largest and smallest value that the function takes at a point either within a given neighborhood or on the function domain in its entirety.

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