![Hugo has a concave utility function of U(W) = W^{0.5}. His only asset is shares in an Internet start-up company. Tomorrow he will learn the stock's value. He believes that it is Hugo has a concave utility function of U(W) = W^{0.5}. His only asset is shares in an Internet start-up company. Tomorrow he will learn the stock's value. He believes that it is](https://homework.study.com/cimages/multimages/16/utility_function1307063757310529539.jpg)
Hugo has a concave utility function of U(W) = W^{0.5}. His only asset is shares in an Internet start-up company. Tomorrow he will learn the stock's value. He believes that it is
The utility function is U=x^2+y^2, the IC will be concave and a concave IC represents bad. Why does this utility function represent good commodities? - Quora
![Consumer Theory[3] More on Utility Maximization: Utility Transformation, Convexity/Concavity, Non-Linear Budget Constraint, Corner Solution | Eric Zhi's Blog-Economistime Consumer Theory[3] More on Utility Maximization: Utility Transformation, Convexity/Concavity, Non-Linear Budget Constraint, Corner Solution | Eric Zhi's Blog-Economistime](https://ericzhi.files.wordpress.com/2010/11/micro-ct31of2.jpg)