The function y = x^2, x>0, is:
(a) Quasi-concave and quasi-convex (b) Quasi-concave but not quasi-convex (c) Quasi- convex but not quasi-concave (d) Neither quasi-concave nor quasi-convex
The answer is A.
While solving for bordered hessian matrix , Iam getting D1= -4x^2 , and D2=0
Now how do we arrive at the conclusion that it's both quasi concave and quasi convex ?
"Once you eliminate the impossible, whatever remains, no matter how improbable, must be the truth."