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

Deepinder Kaur; Harmeet Singh Gulati

doi:https://doi.org/10.14445/22315373/IJMTT-V38P503

International Journal of Mathematics Trends and Technology

Research Article | Open Access | Download PDF

Volume 38 | Number 1 | Year 2016 | Article Id. IJMTT-V38P503 | DOI : https://doi.org/10.14445/22315373/IJMTT-V38P503

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

Deepinder Kaur, Harmeet Singh Gulati

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.

Keywords

Quasi-Concavity, Quasi-Convexity, Consumers Problem.

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).

Citation :

Deepinder Kaur, Harmeet Singh Gulati, "Importance of Quasi-Concavity and Quasi Convexity in Consumer Optimization Problems," International Journal of Mathematics Trends and Technology (IJMTT), vol. 38, no. 1, pp. 12-14, 2016. Crossref, https://doi.org/10.14445/22315373/IJMTT-V38P503