Hello, I have a math test in a few days and I'm having trouble on problems that require me to illustrate the sets. The textbook does not supply illustrations in the answer sheet. I was wondering if somebody could post an illustration of question 2.
2. The consumption of a consumer is
. . . . .\(\displaystyle C\, =\, \left\{(x,\, y)\, \in\, \mathbb{R}_{+}^2\, :\, x\, \geq\, x'\, >\, 0,\, y\, \geq\, y'\, >\, 0\right\}\)
Illustrate this set. Is it closed? bounded? convex? How would you interpret x' and y'?
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2. The consumption of a consumer is
. . . . .\(\displaystyle C\, =\, \left\{(x,\, y)\, \in\, \mathbb{R}_{+}^2\, :\, x\, \geq\, x'\, >\, 0,\, y\, \geq\, y'\, >\, 0\right\}\)
Illustrate this set. Is it closed? bounded? convex? How would you interpret x' and y'?
Sent from my SM-G930W8 using Tapatalk
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