Understanding Concave and Convex Functions
22:24
YouTubeEZ Economics
Understanding Concave and Convex Functions
In this video I break down the formal definition of a concave function and attempt to explain all aspects and variables used in the definition. Being that a convex function is just the opposite in terms of its definition, once one of them is well understood the other is also understood. If anyone has any questions or is still unsure on any ...
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