A differentiable functional f on an open set S n is quasiconcave if and only if Inequality

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A differentiable functional f on an open set S Š† „œn is quasiconcave if and only if

Inequality (36) can be strengthened where f is regular.

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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 11:52 AM

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A differentiable functional f on an open set S n is quasiconcave if and only if Inequality

Question:

f(x) f(xo)Vf(xo)x xo) 2 for every x, xo in S (36)

Step by Step Answer:

Assume is quasiconcave and x x 0 Differentiability at x 0 implies for all 0 1 x 0 x x 0 x 0 x 0 x x ...View the full answer

Foundations of Mathematical Economics

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