If h is a homogeneous functional on S and g: is strictly increasing, then

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If h is a homogeneous functional on S and g: ℜ → ℜ is strictly increasing, then f = g o h is hoamothetic.

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Foundations of Mathematical Economics

ISBN: 978-0262531924

1st edition

Authors: Michael Carter

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Question Posted: May 02, 2016 11:43 AM

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If h is a homogeneous functional on S and g: is strictly increasing, then

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Assume x 1 x 2 with x 1 x 1 x 2 x 2 Since is s...View the full answer

Foundations of Mathematical Economics

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