Microeconomic Theory
12th Edition
ISBN: 9781337517942
Author: NICHOLSON
Publisher: Cengage
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Define the conditions for a weakly quasi-concave Cobb-Douglas Function
Convexity & Concavity
Consider the function defined by the formula
This function is
200
if 0 < x < 20
x
y = f(x) =
30- x
if 20 ≤x≤40
200
if 40 < x < 60
x
a. Concave but not strictly concave
b. Strictly convex
c. Strictly concave
d. Convex but not strictly convex
e.
I cannot tell because the second derivative of f(x) cannot be calculated
Define a weakly concave on the Cobb-Douglas Function
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