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One of the characteristics of Hicksian demand is that it is homogenous of degree zero in prices. Check if the following functions can be Hicksian
One of the characteristics of Hicksian demand is that it is homogenous of degree zero in prices. Check if the following functions can be Hicksian demand functions:
hx(px,py,U) = U
hx(px,py,U) = pxU
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