The CES function is convex on n if p yen 1 ), S(x) (x)xf a2x a 0,p 0 ...

When 1 the function x 1 1 2 2 is c ...

The CES function is convex on n+ if p ¥ 1. ), S(x) = (x)xf + a2x

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The CES function

is convex on „œn+ if p ‰¥ 1.

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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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The CES function is convex on n+ if p ¥ 1. ), S(x) = (x)xf + a2x

Question:

), S(x) = (x)xf + a2x a; > 0,p + 0 +

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When 1 the function x 1 1 2 2 is c...View the full answer

Foundations of Mathematical Economics

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