Step 1: Understanding the Concept:
Extreme values occur where the first derivative $y'$ is equal to zero.
Step 2: Formula Application:
$y' = \frac{\alpha}{x} + 2\beta x - 1$.
Step 3: Explanation:
At $x = 1$, $y' = \alpha + 2\beta - 1 = 0 \implies \alpha + 2\beta = 1$.
At $x = -1$, $y' = -\alpha - 2\beta - 1 = 0 \implies \alpha + 2\beta = -1$.
Adding the two equations: $0 = 0$, which indicates the values must satisfy both. However, for $x=-1$ to be in the domain, $\log x$ usually implies $\alpha=0$ (since $\log$ is undefined for negative $x$ in real numbers). If $\alpha=0$, then $2\beta = 1 \implies \beta = 1/2$.
Step 4: Final Answer:
$\alpha = 0$ and $\beta = \frac{1}{2}$.