Show that for a single-output technology, Y is convex if and only if the production function f (z) is concave.

Posted Date: 3/14/2013 1:28:44 AM | Location : United States

Ask an Expert

Related Discussions:- Convexity and concavity, Assignment Help, Ask Question on Convexity and concavity, Get Answer, Expert's Help, Convexity and concavity Discussions

Write discussion on Convexity and concavity
Your posts are moderated

Write your message here..

Related Questions

Histogram and the boxplot, A study done at the University of Maryland (cite... A study done at the University of Maryland (cited in Weiss, Introductory Statistics, 7th ed, 2005) measured the body temperatures of 93 healthy humans. On the frequency- histogram

How does an amplifier work, Expertsmind.com  brings you unique solution in ... Expertsmind.com  brings you unique solution in  physics An audio amplifier setup will have a power amplifier and usually a preamplifier.  The preamplifier takes the wea

The impact of the shift to ifrs, How do you think the banking sector is goi... How do you think the banking sector is going to get impacted?   Manager 1: The impact of the shift to IFRS is going to be much higher in the banking sector. This impact woul

Job cost sheet, Manchester Custom Fabricating Company uses a job order syst... Manchester Custom Fabricating Company uses a job order system. At the beginning of May, Manchester had two jobs in process, Job #22 (DM = $600 and DL = $780), and Job #23 (DM = $75

Draw the roc diagram-equilibrium probability, A. Use the inequality derived... A. Use the inequality derived for part C question 3; to obtain an inequality required x *CD  = 1 to remain stable against DD invaders. Also draw the ROC diagram discussed in class

Devaition, i have data points of the form (x,y) of a cluster... I want to f... i have data points of the form (x,y) of a cluster... I want to find variance nad standard deviation of this so dat i can decide which is a good cluster... so let me know how to do

Revenues , why are revenues an important number in financial statements? why are revenues an important number in financial statements?

Index number, Why index numbers serve as economic barometers? Why index numbers serve as economic barometers?

Dist4ibution, I want support about statistical distributions I want support about statistical distributions

What is a sole proprietorship, What is a sole proprietorship? A sole pr... What is a sole proprietorship? A sole proprietorship is a form of business organization that is owned by one person. The owner is referred to as a sole proprietor. In accoun