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Old 10-25-2007, 03:22 PM
tabako tabako is offline
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Join Date: Sep 2006
Location: Madison
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Default Re: Kuhn-Tucker conditions; intermediate microeconomics

What do you mean by highest bundle?

I read the first statement as:
For every good Xi in the vector bundle X, the marginal utility of good i is less than lambda* times the price of that good. (Normally I find these things make more sense when instead of A - B < 0, you change it to A < B)

I have no idea why this would hold, though.
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