True/False
The only way for a consumer choice set to be non-convex is for the budget line to be kinked.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q1: A consumer has $1,000 a week to
Q4: If all consumers are price-takers facing the
Q8: Consider a consumer with a choice set
Q15: Kinks in budget constraints always produce non-convexities
Q16: Suppose the government wants to discourage excessive
Q16: Derive the budget line equation for the
Q17: For choice sets emerging from "exogenous" income,
Q18: Consider a consumer with a choice set
Q20: Derive the budget line equation for the
Q22: While the endowment bundle must lie on