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F(x1,x2)= x1¼ x2 ½
a) Is concave
b) Is strictly concave
c) Convex
d) None
(Correct Ans: b)
Are we required to do this Question by:
1st approach: using Hessian ( then ans. is coming out to be 'b' only);
2nd approach: Drawing level curves, they will depict shape of Convex function, so answer then would be 'c'..
Why are both methods contradictory to each other??
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