Hello:
This is the new solution for question 4 part (a). The initial one was wrong in some parts. We need to recall that a homothetic function is a monotonic transformation of a homogeneous function, therefore, the final function does not necessarily need to be homogeneous.
Hello:
This is the new solution for question 4 part (a). The initial one was wrong in some parts. We need to recall that a homothetic function is a monotonic transformation of a homogeneous function, therefore, the final function does not necessarily need to be homogeneous.
Hello:
This is the new solution for question 4 part (a). The initial one was wrong in some parts. We need to recall that a homothetic function is a monotonic transformation of a homogeneous function, therefore, the final function does not necessarily need to be homogeneous.