Proving that a CobbDouglas function is concave if the sum of exponents is no bigger than Ted Bergstrom Econ A UCSB If you tried this problem in your homework you learned from painful experi ence tha

x 1 from to are cumbersome to work with when 3 Maybe you were thinking There must be an easier way Well there is Indeed there is more than one other way to skin this cat but the way that I will show you here is instructive and in the process you wi

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