Abstract
We establish a generalization of the inequality introduced by Mitrinovic and Pecaric in 1988. We prove mean value theorems of Cauchy type for that new inequality by taking its difference. Furthermore, we prove the positive semidefiniteness of the matrices generated by the difference of the inequality which implies the exponential convexity and logarithmic convexity. Finally, we define new means of Cauchy type and prove the monotonicity of these means.