Read the following text carefully:
Union Food and Consumer Affairs Minister said that the Central Government has taken many proactive steps in the past few years to control retail prices of food items. He said that the government aims to keep inflation under control without compromising the country’s economic growth. Retail inflation inched up to a three-month high of 5.55% in November 2023 driven by higher food prices. Inflation has been declining since August 2023, when it touched 6.83%. 140 new price monitoring centres had been set up by the Central Government to keep a close watch on wholesale and retail prices of essential commodities. The Government has banned the export of many food items like wheat, broken rice, non-basmati white rice, onions etc. It has also reduced import duties on edible oils and pulses to boost domestic supply and control price rise. On the basis of the given text and common understanding,
answer the following questions:
The Second-Order Derivative is the derivative of the first-order derivative of the stated (given) function. For instance, acceleration is the second-order derivative of the distance covered with regard to time and tells us the rate of change of velocity.
As well as the first-order derivative tells us about the slope of the tangent line to the graph of the given function, the second-order derivative explains the shape of the graph and its concavity.
The second-order derivative is shown using \(f’’(x)\text{ or }\frac{d^2y}{dx^2}\).