Show that the CES function is homogeneous of degree one. 1/p +. a,x)/ f(x) = (a1x+a2x

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Show that the CES function

is homogeneous of degree one.

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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 11:42 AM

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Show that the CES function is homogeneous of degree one. 1/p +. a,x)/ f(x) = (a1x+a2x

Question:

1/p +. a,x)/ f(x) = (a1x+a2x

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x 1 1 2 2 1 1 ...View the full answer

Foundations of Mathematical Economics

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