CaitlinH86
I am really struggling trying to grasp the philospohy of montonic transformation. The question is: Which of the following are monotonic transformations?
(a) k x u[x1, x2] where k is a real positive number (I think Yes?)
(b) -2 x u[x1, x2] (I think No because of the -2, but that's just a guess.)
(c) Square root of u[x1, x2] (NO IDEA)
(d) 1/u[x1, x2] (NO IDEA)
I was reading other posts on the same type of problems and I guess I'm also confused on how you would even graph this. I understand that if the graph goes negative and positive then its not a monotonic transformation, but how do I know that for the above questions? Please help!
(a) k x u[x1, x2] where k is a real positive number (I think Yes?)
(b) -2 x u[x1, x2] (I think No because of the -2, but that's just a guess.)
(c) Square root of u[x1, x2] (NO IDEA)
(d) 1/u[x1, x2] (NO IDEA)
I was reading other posts on the same type of problems and I guess I'm also confused on how you would even graph this. I understand that if the graph goes negative and positive then its not a monotonic transformation, but how do I know that for the above questions? Please help!