When $a^2 + b^2 + c^2 + d^2 = 1$ and the expression $(a - b)(b - c)(c - d)(d - a)$ reaches its minimum value, determine the value of product $abcd$. 
Consider real number $a, b, c, d$ such that $a^2 + b^2 + c^2 + d^2 = 1$. When the expression $(a - b)(b - c)(c - d)(d - a)$ reaches its minimum value, determine the value of product $abcd$.

[For context, this question is taken from an exam whose format consists of 50 multiple-choice questions with a time limit of 90 minutes. Calculators are the only electronic device allowed in the testing room. (You know those scientific calculators sold at stationery stores and sometimes bookstores? They are the goods.) I need a solution that works within these constraints. Thanks for your cooperation, as always. (Do I need to sound this professional?)
By the way, if the wording of the problem sounds rough, sorry for that. I'm not an expert at translating documents.]
So I took the mock exam which was organised by our school today... It didn't go well. ｡ﾟ( ﾟஇ‸இﾟ)ﾟ｡ That's why this question is here.
Here's what I'd attempted in the official amount of time that was given, (so no external thoughts, I still have more subjects that need to be taken care of, sorry~)
(I lied, there are some afterthoughts sprinkled in here.)
First of all, $$\begin{aligned} (a - b)(b - c)(c - d)(d - a) &= [(ac + bd) - (ab + cd)][(ac + bd) - (bc + da)]\\ &= (ac + bd)^2 - (ab + bc + cd + da)(ac + bd)\\ &+ (ab + cd)(bc + da) \end{aligned}$$
(From this point on, it's all what I've thought of after the official time period has ended.)
Let $ac + bd = x$. The minimum value of the quadratic function $$x^2 - (ab + bc + cd + da)x + (ab + cd)(bc + da)$$ is $\dfrac{-\Delta}{4} = \dfrac{4(ab + cd)(bc + da) - (ab + bc + cd + da)^2}{4} = -\left[\dfrac{(a - c)(b - d)}{2}\right]^2$.
The equal sign occurs when $x = \dfrac{ab + bc + cd + da}{2} \iff 2(ac + bd) = ab + bc + cd + da \ (1)$. Now, we just need to find the maximum value of $\left[\dfrac{(a - c)(b - d)}{2}\right]^2$.
(∩ᗒ.ᗕ)⊃━☆ﾟ.❉*, $\left[\dfrac{(a - c)(b - d)}{2}\right]^2 \le \dfrac{(a - c)^2 + (b - d)^2}{8} \le \dfrac{a^2 + b^2 + c^2 + d^2}{4} = \dfrac{1}{4}$.
The equal sign occurs when $a = b = -c = -d \ (2)$. Combining $(1)$ and $(2)$, we have that $$\left\{ \begin{aligned} 2(ac + bd) &= ab + bc + cd + da\\ a = b &= -c = -d \end{aligned} \right. \implies a = b = c = d = 0$$
This feels wrong, and of course, it is. Let's elaborate on $(1)$ further, in that, $$\begin{aligned} 2(ac + bd) = ab + bc + cd + da &\iff 2[(ac + bd) - (bc + da)] = ab - bc + cd - da\\ &\iff 2(a - b)(c - d) = (a - c)(b - d) \end{aligned}$$
Now, does this mean anything? It is with deep regret that I have to inform you that, I don't freaking know.
Hmmm~ this doesn't seem to work. Let's try something different, for example, assuming that $a \ge b \ge c \ge d$, we have that $$\begin{aligned} (a - b)(b - c)(c - d)(d - a) &\ge \dfrac{[(a - b) + (b - c) + (c - d)]^3(d - a)}{27} = \dfrac{-(a - d)^4}{27} \end{aligned}$$
The equal sign occurs when $a - b = b - c = c - d \iff \left\{ \begin{aligned} b = \dfrac{d + 2a}{3}\\ c = \dfrac{2d + a}{3} \end{aligned} \right. \ (3)$.
(From this point on, it's all what I've thought of after the official time period has ended, the sequel.)
Plugging the above results into $a^2 + b^2 + c^2 + d^2 = 1$, we have that $7d^2 + 4da + 7a^2 = \dfrac{9}{2}$, and since $(7d^2 + 4da + 7a^2) - \dfrac{5(d - a)^2}{2} = \dfrac{9(d + a)^2}{2} \ge 0, \forall d, a \in \mathbb R$, it means that $$\dfrac{5(d - a)^2}{2} \le \dfrac{9}{2} \iff (d - a)^2 \le \dfrac{9}{5} \iff\dfrac{-(a - d)^4}{27} \ge -\dfrac{3}{25}$$
The equal sign occurs when $d = -a \ (4)$.
Combining $(3)$ and $(4)$, we have that $$\left[ \begin{aligned} (a; b; c; d) &= \left(\dfrac{3\sqrt{5}}{10}; \dfrac{\sqrt{5}}{10}; -\dfrac{\sqrt{5}}{10}; -\dfrac{3\sqrt{5}}{10}\right)\\ (a; b; c; d) &= \left(-\dfrac{3\sqrt{5}}{10}; -\dfrac{\sqrt{5}}{10}; \dfrac{\sqrt{5}}{10}; \dfrac{3\sqrt{5}}{10}\right) \end{aligned} \right. \implies abcd = \dfrac{9}{400}$$
According to WolframAlpha, the minimum value of the above expression is $-\dfrac{1}{8}$, happening when $$(a; b; c; d) = \left(-\dfrac{\sqrt 3 + 1}{4}; \dfrac{\sqrt 3 + 1}{4}; \dfrac{\sqrt 3 - 1}{4}; -\dfrac{\sqrt 3 - 1}{4}\right) \implies abcd = \dfrac{1}{64}$$
So my friend was right after all...（；¬＿¬) How am I supposed to do this in 90 minutes?
All anger aside, that's all for now. This took way more time to write down than it needed to. Anyhow, have a wonderful tomorrow, everyone~
By the way, the choices were $-\dfrac{1}{64}$; $-\dfrac{1}{8}$; $\dfrac{1}{8}$ and $\dfrac{1}{64}$.

Let $f(a,b,c,d) := (a-b)(b-c)(c-d)(d-a)$.
We have $f_{\min} < 0$, by noting that $f < 0$ when $a > b > c > d$.
Since the constraint is symmetric and $f$ is cyclic, WLOG, assume that $a = \max(a, b, c, d)$. At minimum, we have $a - b > 0$ and $d - a < 0$, so $(b - c)(c - d) > 0$
which results in $a > b > c > d$
or $a > d > c > b$. Note also that $f(a, b, c, d) = f(a, d, c, b)$. Thus, we only need to consider the case when $a > b > c > d$.
Let $x = a - b, \, y = b - c, \, z = c - d$.
Then $x, y, z > 0$ and
$c = d + z, \, b = d + y + z, \, a = d + x + y + z$.
We have
$$f = - xyz (x + y + z).$$
From $a^2+b^2+c^2+d^2 = 1$, we have
$$4d^2 + (2x + 4y + 6z)d + x^2 + 2xy + 2xz + 2y^2 + 4yz + 3z^2 - 1 = 0.$$
This is a quadratic equation in $d$ which has a non-negative discriminant i.e.
$$-12x^2 - 16xy - 8xz - 16y^2 - 16yz - 12z^2 + 16 \ge 0 $$
which is written as (noting $f = -xz \cdot y(x + y + z)$)
$$-12(z + x)^2 + 16xz + 16 \ge 16y (x + y + z). \tag{1}$$
Using $zx \le (z+x)^2/4$ and (1), we have
$$16 - 8(x + z)^2 \ge 16y (x + y + z). \tag{2}$$
From (2), we have $16 > 8(x + z)^2$.
Using (2) and $zx \le (z+x)^2/4$ and AM-GM, we have
\begin{align*}
 f &= -xyz(x + y + z)\\
 &\ge - xz\cdot (1 - (x+z)^2/2)\\
 &\ge - \frac{(x + z)^2}{4} \cdot (1 - (x + z)^2/2) \\
 &= - \frac{1}{8}(x + z)^2 (2 - (x + z)^2)\\
 &\ge - \frac18 \cdot \frac{[(x + z)^2 + 2 - (x + z)^2]^2}{4}\\
 &= - \frac18
\end{align*}
with equality if and only if $x = z$ and $(x + z)^2 = 1$ and $y(x + y + z) = 1 - (x + z)^2/2$ i.e. $x = z = 1/2$ and $y = \frac{\sqrt 3 - 1}{2}$.
It is not difficult to get
$a = \frac{\sqrt 3 + 1}{4}, b = \frac{\sqrt 3 - 1}{4}$ and $c = -b, d = -a$.
Thus, $abcd = 1/64$.
