____ functions are a special class of homogeneous function in which the marginal rate of Technicalsubstitution is constant along the function.
A)Hypothetic
B)Homothetic
C)Objective
D)Value

Question

Quizplus · Accepted Answer

Homothetic functions are characterized by constant marginal rates of technical substitution along their levels, which means that the shape of their indifference curves remains consistent as you move along the function. This property makes them special within the broader category of homogeneous functions.

____ Functions Are a Special Class of Homogeneous Function in Which