Re: problem sets

Posted by Amit Goyal on Sep 29, 2013; 1:34am
URL: http://discussion-forum.276.s1.nabble.com/problem-sets-tp7583841p7584041.html

The answer to your question is yes.

Solution to the following two problems will be the same:
Max u(x)
s.t.
p.x \leq M

And

Max f(u(x))
s.t.
p.x \leq M

where f(u) is the monotonic transformation of u.