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Problem 1. Utility function u(C], 12) is said to be strictly quasiconcave if , u(x) 2 0 and u(y) 2 0, then u(Ar + (1-A)y)
Problem 1. Utility function u(C], 12) is said to be strictly quasiconcave if , u(x) 2 0 and u(y) 2 0, then u(Ar + (1-A)y) > a for any consumption bundles r = (21, 12). y = (31, y2) such that a # y and any real number a, any A such that 0
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