Let u: X be a strictly increasing function on the weakly ordered set (X, ).

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Let u: X → ℜ be a strictly increasing function on the weakly ordered set (X, ≿). Show that
x2 ≿ x1 ⇔ u(x2) ≥ u(x1)

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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 11:38 AM

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Let u: X be a strictly increasing function on the weakly ordered set (X, ).

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is strictly increasing so that 2 1 2 1 To show the converse assume tha...View the full answer

Foundations of Mathematical Economics

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