Which of the Following Must Be True About Functions in the Duality

question 28

Multiple Choice

Which of the following must be true about functions in the duality picture:

• A)The utility function is homogeneous of degree 1.
• B)The indirect utility function is homogeneous of degree 1 in income.
• C)The uncompensated demand functions are homogeneous of degree 1.
• D)Both (a) and (b).
• E)Both (b) and (c).
• F)Both (a) and (c)
• G)All of the above.
• H)None of the above.

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