Question: If h is a homogeneous functional on S and g: is strictly increasing, then f = g o h is hoamothetic.

If h is a homogeneous functional on S and g: โ„œ โ†’ โ„œ is strictly increasing, then f = g o h is hoamothetic.

Step by Step Solution

3.49 Rating (156 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Assume x 1 x 2 with x 1 x 1 x 2 x 2 Since is s... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

914-M-N-A-O (509).docx

120 KBs Word File

Students Have Also Explored These Related Numerical Analysis Questions!