Any monotone functional on is both quasiconvex and quasiconcave.

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Any monotone functional on ℜ is both quasiconvex and quasiconcave.

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Foundations of Mathematical Economics

ISBN: 978-0262531924

1st edition

Authors: Michael Carter

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Question Posted: May 02, 2016 11:42 AM

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Any monotone functional on is both quasiconvex and quasiconcave.

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Let Choose any 1 2 in with 1 2 If is increasing then 1 1 1 2 ...View the full answer

Foundations of Mathematical Economics

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