Mathematics · Mathematical Economics
Which of the following statements regarding functions is NOT mathematically correct?
- 1Any convex function is quasiconvex, and the converse statement also universally holds true.✓
- 2Any concave function is quasiconcave, but the converse is not necessarily true.
- 3If f(x) is a linear function, then it is both quasiconcave and quasiconvex.
- 4If f(x) is a quasiconcave function, then -f(x) is a quasiconvex function.
Correct answer
Any convex function is quasiconvex, and the converse statement also universally holds true.
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