How to reduce the problem to apply EVT

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Consider the following condition ($\star$) for the real-valued continuous function $f$ on $\mathbb{R}^2$

($\star$) For any positive real number $R$, the following set is bounded.

$\{(x,y) \in \mathbb{R}^2 |\, |f(x,y)| \leq R \}$

Answer the following questions.

  1. Give an example of a continuous function $f$ that satisfies the condition ($\star$) and show that it satisfies ($\star$)
  2. When the continuous function $f$ satisfies the condition ($\star$) show that one of the following holds
  • $f$ has a maximum value but no minimum value
  • $f$ has a minimum value but no maximum value

Answer: My idea is the following but I don't feel that it is correct or enough.

The example of $f$

$f(x,y) = \frac{1}{1+x^2+y^2} \qquad \forall (x,y)\in \mathbb{R}^2$

$\bigg|\frac{1}{1+x^2+y^2}\bigg| \leq 1 \qquad\qquad\qquad\quad \text{since}\,\, \,\,x^2+y^2 \geq 0 \,\,\,\forall (x,y) \in \mathbb{R}^2$

So the example is satisfied the condition ($\star$) for all $R\geq 1$

We can see that if and only if $x=0$ and $y=0$, $f(x,y)$ attains its absolute maximum and for all other $(x,y) \in \mathbb{R}^2 \setminus (0,0)$ the value of the function is less than 1. The range of the function is $(0,1]$. Therefore there is no global minimum and the global maximum value is 1.

Any idea would be appreciated.