Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

For each of the following, answer true or false. If true, prove. If false, derive a counterexample 1. Consider the maximization of f(x) for some

For each of the following, answer true or false. If true, prove. If false, derive a counterexample

1. Consider the maximization of f(x) for some f C 1 over the domain D. If x is the solution and x int(D) then f (x ) = 0 is not a necessary condition.

2. Consider some function f. If f is differentiable at x then f is continuous at x.

3. If a function f is homogeneous of degree k > 0, then f is homogeneous of degree k 1. 1

4. If f(x) is strictly convex then f(x + (1 )y) max{f(x), f(y)} for all x y and for all (0, 1).

5. If A is convex and B is convex then A B is convex.

6. Let X1, X2 and X3 form a partition for X and let Y1, Y2 and Y3 form a partition for Y . If Xi Yi for all i, then X Y .

7. If f is a linear function then f is both weakly concave and weakly convex.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Theory And Practice Of Public Sector Reform

Authors: Steven Van De Walle, Sandra Groeneveld

1st Edition

1317500113, 9781317500117

More Books

Students also viewed these Economics questions

Question

What are the potential benefits and problems of diversity?

Answered: 1 week ago