Why is the existence of an optimal choice essential for a well-defined formulation of the consumer's problem?

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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 11:31 AM

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Why is the existence of an optimal choice essential for a well-defined formulation of the consumer's problem?

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Essentially consumer theory in economics is concerned with predicting the ...View the full answer

Foundations of Mathematical Economics

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