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Assume that all of the functions are twice differentiable and the second derivatives are never 0.

If f and g are positive, increasing, concave upward functions on I, show that the product function f g is concave upward on I.

(b) Show that part (a) remains true if f and g are both decreasing.

(c) Suppose f is increasing and t is decreasing. Show, by giving three examples, that f g may be concave upward, concave downward, or linear. Why doesn’t the argument in parts (a) and (b) work in this case?

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Beverley Smith
Beverley SmithLv2
13 May 2020

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