Macroeconomics Exam Review 46

Macroeconomics Exam Review 46 - 1.217 If int is empty, it...

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Unformatted text preview: 1.217 If int is empty, it is trivially convex. Therefore, assume int = and let x , y int . We must show that z = x + (1 ) y int . Since x , y int , there exists some > 0 such that the open balls ( x , ) and ( y , ) are both contained in int . Let w be any vector with w < . The point z + w = ( x + w ) + (1 )( y + w ) since x + w ( x , ) and y + w ( y , ) and is convex. Hence z is an interior point of . Similarly, if is empty, it is trivially convex. Therefore, assume = and let x , y . Choose some . We must show that = x + (1 ) y . There exist sequences ( x ) and ( y ) in which converge to x and y respectively (Exercise 1.105). Since is convex, the sequence ( x + (1 ) y ) lies in and moreover converges to...
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