Re: Utility doubt ! Help !

Posted by X on Jun 10, 2014; 9:53am
URL: http://discussion-forum.276.s1.nabble.com/Utility-doubt-Help-tp7591605p7592210.html

Sir, will you please provide me an example where function is not homogeneous of degree 1 as well as not homthetic? I think that "degree 1" requirement is unimportant as we can take monotonic transformation of a function which is not homogeneous of degree 1 to make it of degree 1, and monotonic transformation of homothetic function is homothetic.

Sir, please help!!