When does this function of two variables have a minimum?
Question
The variables and are such that . A third variable is defined by .
Find the values of and that give a stationary value and show that this value of is a minimum.
Suggestion
The variables and are such that . A third variable is defined by .
Find the values of and that give a stationary value…
This looks tricky as is given as a function of two variables. Can we use the equation connecting and to turn into a function of just one variable?
How do we then calculate stationary points for ?
… and show that this value of is a minimum.
What does the second derivative tell us about a stationary point?
Solution
The variables and are such that . A third variable is defined by . Find the values of and that give a stationary value…
We want to find the stationary points of , which (unfortunately) is a function of both and .
But (luckily) we’ve been given a constraint connecting those two variables, namely, the first equation.
If
, the constraint wouldn’t be satisfied, so we can divide both sides by
to give
We can substitute this for
in the equation we are given for
to get
Here is a function of alone. From this we can calculate stationary points, by setting the first derivative equal to zero.
As is the only solution of , we only have one stationary point.
Substituting this value into equation
gives us the corresponding
-value of our stationary point
… and show that this value of is a minimum.
To check whether has a minimum when and , we can look at the second derivative of with respect to . A positive second derivative corresponds to a local minimum. From we obtain which gives (or we could note that is positive for all values of ). Therefore the value of when and is indeed a minimum.