Is the Function u(c, l) = 20000c + c^2 + l Quasiconcave?

  • Thread starter Thread starter Alesak
  • Start date Start date
  • Tags Tags
    Function
AI Thread Summary
The function u(c, l) = 20,000c + c² + l is debated for its quasiconcavity in the first quadrant where c ≥ 0 and l ≥ 0. One argument states that the upper level sets are not convex, as they resemble parabolic shapes rather than circles, indicating that the function is not quasiconcave. Another perspective suggests that since u is a convex function overall, it is quasiconvex, which implies it cannot be quasiconcave. The discussion highlights the confusion between quasiconcavity and quasiconvexity in the context of this function. Ultimately, the consensus leans towards the function not being quasiconcave in the specified quadrant.
Alesak
Messages
111
Reaction score
0
My teacher is telling me that the below function is quasiconcave, but I think it is not.

Homework Statement


Show that u(c, l) = 20 000 c + c2+ l is or is not quasiconcave, in the first quadrant. c>=0 and l>=0.

Homework Equations


From wikipedia:
quasiconcave function has convex upper contour sets.

The Attempt at a Solution


I've rewriten it, for some level curve, as l = M + 10000 + (c+100)2, so it looks like a circle. Since the function u is increasing in both arguments, the upper level set looks like the outside of the circle, which is not convex, therefore the function is not quasiconcave. Correct? We are talking here only about the first quadrant.
 
Physics news on Phys.org
I don't think it is quasiconcave in the first quadrant. The level curves I get are parabolas, not circles, but in any case, the upper level sets in the first quadrant are shapes that curve around like a parabola and are not convex. Have you talked to your teacher again about this?
 
Alesak said:
My teacher is telling me that the below function is quasiconcave, but I think it is not.

Homework Statement


Show that u(c, l) = 20 000 c + c2+ l is or is not quasiconcave, in the first quadrant. c>=0 and l>=0.

Homework Equations


From wikipedia:



The Attempt at a Solution


I've rewriten it, for some level curve, as l = M + 10000 + (c+100)2, so it looks like a circle. Since the function u is increasing in both arguments, the upper level set looks like the outside of the circle, which is not convex, therefore the function is not quasiconcave. Correct? We are talking here only about the first quadrant.

It is a conVEX function on the whole space -∞ < c < ∞, -∞ < I < ∞. Thus, it is quasiconVEX (because a convex function is automatically quasiconvex as well).

RGV
 
I picked up this problem from the Schaum's series book titled "College Mathematics" by Ayres/Schmidt. It is a solved problem in the book. But what surprised me was that the solution to this problem was given in one line without any explanation. I could, therefore, not understand how the given one-line solution was reached. The one-line solution in the book says: The equation is ##x \cos{\omega} +y \sin{\omega} - 5 = 0##, ##\omega## being the parameter. From my side, the only thing I could...

Similar threads

Replies
4
Views
3K
Replies
8
Views
2K
Replies
5
Views
2K
Replies
17
Views
2K
Replies
11
Views
2K
Replies
1
Views
4K
Back
Top