For x∈Rn we write x=(x1,x2,…,xn). Define
P:={x∈Rn:xj⩾0 for 1⩽j⩽n}.
(a) Suppose that L is a convex subset of P, that (1,1,…,1)∈L and that ∏j=1nxj⩽1 for all x∈L. Show that ∑j=1nxj⩽n for all x∈L.
(b) Suppose that K is a non-empty closed bounded convex subset of P. Show that there is a u∈K such that ∏j=1nxj⩽∏j=1nuj for all x∈K. If uj=0 for each j with 1⩽j⩽n, show that
j=1∑nujxj⩽n
for all x∈K, and that u is unique.