ajaz_204_2013_2014_HW_1

by the way what do you notice about the 2 d contour

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Unformatted text preview: e way, what do you notice about the 2-D contour plots of 4 University of Toronto, Department of Economics, ECO 204, 2013 - 20143 Question 2 (a) Consider defined on convex? Both concave and convex? If the function is concave then ) When is this function concave? Convex? Strictly concave? Strictly If then the function is concave. If then the function is strictly concave. The reverse isn’t necessarily true: for example, (graph it) and yet ( ) at If the function is convex then If then the function is convex. If then the function is strictly convex. The reverse isn’t necessarily true: for example, (graph it) and yet ( ) at If is strictly concave is strictly convex then the function is both concave and convex. If the function is both concave and convex then . ) and where (b) Consider defined on . When is this function concave? Convex? Strictly concave? Strictly convex? Both concave and convex? Neither concave nor convex? ( Recall that ) so that: 5 University of Toronto, Department of Economics, ECO 204, 2013 - 20143 ⏟ ⏟( If the function is concave then If If ) then the function is concave. then the function is...
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This homework help was uploaded on 02/15/2014 for the course E 204 taught by Professor Ajaz during the Winter '13 term at University of Toronto- Toronto.

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