Re: Utility doubt ! Help !

Posted by Arushi :)) on Jun 06, 2014; 10:30am
URL: http://discussion-forum.276.s1.nabble.com/Utility-doubt-Help-tp7591605p7591683.html

 A homothetic function is a monotonic transformation of a function which is homogeneous of degree 1...
and for a fun of degree 1 homogenity .. the MRS depends on x/y.. when monotic transformations are taken then MRS remains same ..
So here  it is transformation of which fn in case its homothetic??