Show that perfect substitutes are an example of homothetic preferences.

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Intermediate Microeconomics

ISBN: 978-0393934243

8th edition

Authors: Hal R. Varian

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Question Posted: Feb 25, 2019 05:57 AM

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Show that perfect substitutes are an example of homothetic preferences.

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The utility function for perfect substit...View the full answer

Intermediate Microeconomics

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