Re: Utility doubt ! Help !

Posted by X on Jun 06, 2014; 10:16am
URL: http://discussion-forum.276.s1.nabble.com/Utility-doubt-Help-tp7591605p7591682.html

Yes! Indeed it is homogeneous of degree 1/2. And so is homothetic. We can also check dx2/dx1 does only depends only on the ratio of x1 & x2. Homotheticity is not the special property of homogenity of degree 1.