Question: Problem 4. Suppose a consumer has a continuous and quasiconcave utility function u(x1, 12). Then show that set of solutions to the expenditure minimization problem

Problem 4. Suppose a consumer has a continuous and quasiconcave utility

Problem 4. Suppose a consumer has a continuous and quasiconcave utility function u(x1, 12). Then show that set of solutions to the expenditure minimization problem is a conver sel in R

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