Answer Happy • 7. Prove that, for any p₁, p2, m > 0, the standard budget set, {(1,₂) € Rp₁ + P22 ≤m} is a convex set.

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7. Prove that, for any p₁, p2, m > 0, the standard budget set, {(1,₂) € Rp₁ + P22 ≤m} is a convex set.

Posted: Sun May 29, 2022 7:16 pm

by answerhappygod

: 7 Prove That For Any P P2 M 0 The Standard Budget Set 1 Rp P22 M Is A Convex Set 1 (10.76 KiB) Viewed 16 times

7. Prove that, for any p₁, p2, m > 0, the standard budget set, {(1,₂) € Rp₁ + P22 ≤m} is a convex set.