GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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03:17 Sep 16, 2004 |
English to Spanish translations [PRO] Bus/Financial - Business/Commerce (general) | |||||||
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| Selected response from: Lida Garcia Peru Local time: 15:50 | ||||||
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Summary of answers provided | ||||
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4 +2 | edge solutions |
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5 | borderline solutions |
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5 | corner solutions |
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borderline solutions Explanation: semi-spanglish! por el contexto, se trata de que no se producen varios resultados parecidos entre los cuales elegir, sino que sólo hay uno claramente definido |
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corner solutions Explanation: Definition of Corner Solutions: The corner solution is a choice made by an agent that is at a constraint, and not at the tangency of two classical curves on a graph, one characterizing what the agent could obtain and the other characterizing the imaginable choices that would attain the highest reachable value of the agents' objective. A classic example of a corner solution is the intersection between a consumer's budget line (characterizing the maximum amounts of good X and good Y that the consumer can afford) and the highest feasible indifference curve. If the agent's best available choice is at a constraint -- e.g. among affordable bundles of good X and good Y the agent prefers quantity zero of good X -- that choice is often not at a tangency of the indifference curve and the budget line, but at a "corner" Reference: http://economics.about.com/library/glossary/bldef-corner-sol... |
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edge solutions Explanation: :-) -------------------------------------------------- Note added at 13 hrs 29 mins (2004-09-16 16:46:36 GMT) Post-grading -------------------------------------------------- gracias, Atacama! |
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