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The paper investigates some aspects of the behavior of homogeneous functions. After determining the degree of homogeneity of partial derivatives of a homogeneous function, it is determined their general form in the case of integer degree of homogeneity and they are defined in 0. It also...
Persistent link: https://www.econbiz.de/10010858344
In this paper, we will determine the conditions where a level hypersurface (curve) will preserve the character of the original function. The applications are in the theory of the utility and in the theory of production functions.
Persistent link: https://www.econbiz.de/10010858366