2.8 Show that if f(x 1,x 2) is a concave function, it is also a quasi-concave function....
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2.8 Show that if f(x 1,x 2) is a concave function, it is also a quasi-concave function. Do this by comparing Equation 2.107 (defining quasi-concavity) to Equation 2.88 (defining concavity). Can you give an intuitive reason for this result? Is the converse of the statement true? Are quasiconcave functions necessarily concave?
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Related Book For
Microeconomic Theory Basic Principles And Extensions
ISBN: 9780324270860
9th Edition
Authors: Walter Nicholson
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