Importance of Quasi-Concavity and Quasi Convexity in Consumer Optimization Problems

  IJMTT-book-cover
 
International Journal of Mathematics Trends and Technology (IJMTT)
 
© 2016 by IJMTT Journal
Volume-38 Number-1
Year of Publication : 2016
Authors : Deepinder Kaur, Harmeet Singh Gulati
  10.14445/22315373/IJMTT-V38P503

MLA

Deepinder Kaur, Harmeet Singh Gulati "Importance of Quasi-Concavity and Quasi Convexity in Consumer Optimization Problems", International Journal of Mathematics Trends and Technology (IJMTT). V38(1):12-14 October 2016. ISSN:2231-5373. www.ijmttjournal.org. Published by Seventh Sense Research Group.

Abstract
Concavity and convexity play a vital role in Mathematics. Through this paper we want to check how Concavity and Convexity plays a role in Solving Consumer Problems. We want to see if a Quasi Concave function will lead to Consumer Maximization problem or it will minimize the consumer Utility.

References
[1] K.Sydsaeter and P.Hammand: Mathematics for Economic Analysis,Pearson Educational Asia:Delhi(2002).
[2] Calculus, by Anton, Bivens and Davis (7th Edition), Wiley India Edition
[3] Intermediate Micro Economics: A Modern Approach(8th Edition).

Keywords
Quasi-Concavity, Quasi-Convexity, Consumers Problem.