If the production plan y Y maximizes profits at prices p > 0, then y is

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If the production plan y ∊ Y maximizes profits at prices p > 0, then y is efficient (example 1.61).

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Foundations of Mathematical Economics

ISBN: 978-0262531924

1st edition

Authors: Michael Carter

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Question Posted: May 02, 2016 11:47 AM

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If the production plan y Y maximizes profits at prices p > 0, then y is

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To summarize suppose otherwise that y is ...View the full answer

Foundations of Mathematical Economics

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