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For the following 1. For the following utility functions determine whether it is (strict) monotonic; (strictly) convex; (strictly) concave; homothetic. (a) u(x1, T2) = X1

For the following

1. For the following utility functions determine whether it is (strict) monotonic; (strictly) convex; (strictly) concave; homothetic. (a) u(x1, T2) = X1 - 12 (b) u(x1, 12) = max{x1 + $2, $1 - 12} (c) u(x1, 12) = 3x3

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