You have the following economic model y = $\beta$ ₁ + $\beta$ ₂x + $\beta$ ₃x²
If $\beta$ ₂ is positive and $\beta$ ₃ is negative what is the general shape of F(x) ?

Question

You have the following economic model y =

\beta

₁ +

\beta

₂x +

\beta

₃x²
If

\beta

₂ is positive and

\beta

₃ is negative what is the general shape of F(x) ?

Quizplus · Accepted Answer

The given economic model y = F(x) appears to be a quadratic equation in x, where the coefficient of the x term is positive (indicating the slope of the line increases with x) and the coefficient of the x^2 term is negative (indicating the function opens downwards). This combination typically results in an inverted U-shape for the graph of the function.

You Have the Following Economic Model Y = β\betaβ 1 β\betaβ

You Have the Following Economic Model Y = $\beta$ ₁ $\beta$