I tried this question on a site and found that none of the answers were the ones I got. I think my calculations were right but my understanding of applying the correct theorems may have been off.
I found the derivatives with respect to x and y and got:
$f_x = 2x \quad$ $f_{xx} = 2 \quad $ $ f_{y} = 2y \quad $ $ f_{yy}=2 \quad $ $ f_{xy} = 0 $
The critical values are when $ 2x = 2y $ which is the line x = y. the fancy formula:
$ D = f_{xx}*f_{yy} - (f_{xy})^2 $ gives us $D = 4$ always. So long as the point is a critical point, its a relative min. Since it is subject to the constraint, we need the values which satisfy $x^2+ 2y^2 = 1 $. Those are ones where $ x=y$ so we look at $x^2+ 2x^2 = 1 \implies 3x^2= 1 \implies x = \pm1/\sqrt{3}$. Either works so when I plug it in to the original function, since $ x=y$, I get $ 2/3 $. Thus my absolute minimum.
Is my reasoning correct? or am I missing tools or using the tools incorrectly from multivariable Calculus?
As we have
$x^2+2y^2=1$
we can put
$$x=\cos(t)$$
and
$$y=\frac{\sin(t)}{\sqrt{2}}$$
thus
$x^2+y^2=\frac{1}{2}(1+\cos^2(t))$
so, the absolute minimum is
$$\frac{1}{2}$$