Homogeneous Function

Homogeneous Product | Definition, Features & Examples

Heterogeneous and Homogeneous Mixture - Differences, Videos & Examples

SOLVED:a. Show that the CES function is homothetic. How does the M R S depend on the ratio F / X ? b. Show that your results from part (a) agree with Example 3.3 for the case 6=1 (perfect substitutes ) and 5=0 (Cobb-Douglas). c. Show that the M R S is strictly diminishing for all values of 8<1 d. Show that if X=Y, the M R S for this function depends only on the relative sizes of a and j8. e. Calculate the M R S for this function when Y / X=.9 and Y / X=1.1 for the two cases 8=.5 and 8=-1 . What

let f x1 x2 be a homothetic function show that its tech nical rate of substitution at x1 x2 equals its technical rate of substitution attx1 tx2 98277

Homogeneous Mixture | Properties & Examples