in question 1 the first question asks for the world supply FUNCTION In question 3 the preference relation is th
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in question 1 the first question asks for the world supply FUNCTION
In question 3 the preference relation is the Euclidean (usual) order. Bundle A is smaller than bundle B if every component of it is smaller.
In question 4 the first question is what type of preferences does he have? Cobb-Douglas etc
In question 5 x(2,1,24) is the demand of good x at price px=2, py=1 and income is M=24 etc.
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