ECON 100 A quizes

ECON 100 A quizes - Quiz Question 1: Define choice set. A....

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Quiz Question 1 : Define “choice set”. A. The set of consumption bundles that an individual chooses, given prices and their income. B. The set of all possible alternatives from which an individual chooses. C. The set of all possible consumption bundles that are just affordable (i.e. that use up the entire income or endowment). D. The set of preferences that an individual uses to determine how to make choices. Quiz ܥ ݌ ǡ݌ ǡܫ ={ ݔ ǡݔ אԹ ള ݌ ݔ ൅ ݌ ݔ ൑ ܫ} Consider the following set: Question 2 : What is the name of this set? A. Option set B. Consumption set C. Choice set D. Budget E. Constraint set
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Quiz ܥ ݌ ǡ݌ ǡܫ ={ ݔ ǡݔ
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This note was uploaded on 02/07/2011 for the course ECON 100A taught by Professor Woroch during the Fall '08 term at Berkeley.

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ECON 100 A quizes - Quiz Question 1: Define choice set. A....

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