Question

1) What conditions must be satisfied to assure that a refutable hypothesis will be obtained just by examining the structure of the FOC? (Assume that SOCs are satisfied as well).

Answer 1

The derivative of a function must be equal to zero ( 0 ) if this condition is not met then a hypothesis is refuted

Step-by-step explanation:

The conditions that must be satisfied to assure that a refutable hypothesis will be obtained by examining the structure of the FOC is

The derivative of a function must be equal to zero ( 0 ) if this condition is not met then a hypothesis is refuted

i.e. dy/dx w.r.t.x = 0 for FOC to be refutable