How should I verify a cobb-douglas function f(x, y, z) = x^0.5y^0.4z^0.2 is a quasi-concave function but
Fantastic news! We've Found the answer you've been seeking!
Question:
How should I verify a cobb-douglas function f(x, y, z) = x^0.5y^0.4z^0.2 is a quasi-concave function but not concave function when apply the calculus criteria to Hessian matrix and the bordered Hessian matrix? (suppose that x, y, z are all bigger than zero)
Related Book For
Posted Date: