Previous | Next | Chapter 1, Consumer Theory
Topic: Exercise 1.33
Conf: Chapter 1, Consumer Theory, Msg: 15577
From: Francisco Ciocchini (fjciocchini@yahoo.com)
Date: 5/18/2005 11:37 AM

Exercise 1.33 Francisco Ciocchini fjciocchini fjciocchini@yahoo.com Hi,

Does anyone have an answer to Exercise 1.33?

Is this question implicitly assuming that the utility function is not only strictly increasing but also unbounded above? (otherwise it may be impossible to satisfy the constraint u(x)>=u when u increases without bound)

Regards,
Francisco.