A firm sells her products at the constant rate, P if the cost function of the firm follows the below form 1 2 2 3 Prove that Cost function is convex Profit function is concave

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A firm sells her products at the constant rate, P. if the cost function of the firm follows the below form: 1 2 + 2

A firm sells her products at the constant rate, P. if the cost function of the firm follows the below form: ₁² + ₂ + ₃

Prove that:

-Cost function is convex

-Profit function is concave

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