A differentiable function
is increasing on an open interval
if
for all
, and decreasing if
. For this problem, you then need to compute the derivative:

then solve for
:

We can ignore
because
is defined only for
. So we have two intervals to consider,
and
. All we need to do is pick any value from either interval and check the sign of the derivative
. Since
, from the first interval we can take
, and from the second we can pick
.


The above indicates that
is decreasing on the first interval
, and increasing on the second interval
.
For part (b), we use the info from above as part of the first derivative test for extrema. We have one critical point at
, and we know how
behaves to either side of this point;
decreases to left of it, and increases to the right. This pattern is indicative of a minimum occurring at
, and we find that
has the (local) minimum value of
.