Step 1: Compute the critical points of \( f(x, y) \).
The critical points are determined by setting the first-order partial derivatives of \( f(x, y) \) to zero:
\[
\frac{\partial f}{\partial x} = 4x^3 - 4y = 0 \quad \text{and} \quad \frac{\partial f}{\partial y} = 4y^3 - 4x = 0.
\]
From the first equation:
\[
x^3 = y.
\]
Substituting \( x^3 = y \) into the second equation:
\[
4(x^3)^3 - 4x = 0 \quad \Rightarrow \quad 4x^9 - 4x = 0 \quad \Rightarrow \quad 4x(x^8 - 1) = 0.
\]
This gives:
\[
x = 0, \quad x = 1, \quad x = -1.
\]
For \( x = 0, \, y = 0 \).
For \( x = 1, \, y = 1 \).
For \( x = -1, \, y = -1 \).
Thus, the critical points are \( (0, 0), (1, 1), \) and \( (-1, -1) \).
Step 2: Classify the critical points.
The second-order partial derivatives of \( f(x, y) \) are:
\[
\frac{\partial^2 f}{\partial x^2} = 12x^2, \quad \frac{\partial^2 f}{\partial y^2} = 12y^2, \quad \text{and} \quad \frac{\partial^2 f}{\partial x \partial y} = -4.
\]
The Hessian determinant is:
\[
H = \frac{\partial^2 f}{\partial x^2} \cdot \frac{\partial^2 f}{\partial y^2} - \left( \frac{\partial^2 f}{\partial x \partial y} \right)^2 = (12x^2)(12y^2) - (-4)^2 = 144x^2y^2 - 16.
\]
1. At \( (0, 0) \), \( H = -16 \) (negative), indicating a saddle point. Thus, \( (0, 0) \) is also a point of inflection.
2. At \( (1, 1) \), \( H = 144(1)(1) - 16 = 128 \) (positive), indicating a local minimum.
3. At \( (-1, -1) \), \( H = 144(1)(1) - 16 = 128 \) (positive), indicating another local minimum.
Step 3: Verify the minimum value.
Evaluate \( f(x, y) \) at the critical points:
\[
f(0, 0) = 1, \quad f(1, 1) = 1^4 + 1^4 - 4(1)(1) + 1 = -1, \quad f(-1, -1) = (-1)^4 + (-1)^4 - 4(-1)(-1) + 1 = -1.
\]
The minimum value of \( f \) is \( -1 \), occurring at \( (1, 1) \) and \( (-1, -1) \).
Step 4: Analyze the options.
Option (A): Incorrect, as the minimum does not occur at \( (0, 0) \).
Option (B): Correct, as \( (0, 0) \) is a point of inflection (saddle point).
Option (C): Correct, as \( f \) has three critical points: \( (0, 0), (1, 1), (-1, -1) \).
Option (D): Correct, as the minimum value of \( f \) is \( -1 \).
Conclusion:
The correct statements are (B), (C), and (D).