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Unformatted text preview: What problem can arise when either tastes or choice sets are non-convex ? A. No best bundle. B. More than one best bundle. C. Negative bundles. D. Non-binding constraint. E. Undefined optimum. Econ 100A, fall2010, lecture 5 slide# 5 Quiz Question 4: What do we call the functions that are the end result of solving a Lagrange optimization problem? A. Lagrange functions. B. Optimization functions. C. Demand functions. D. Inverse-demand functions. E. First-order conditions....
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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 University of California, Berkeley.
- Fall '08