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Consider the Following Three Concepts

Question 18

Multiple Choice

Consider the following three concepts:
I.Marshall Demand [ Consider the following three concepts: I.Marshall Demand [ ]) II.Indirect Utility [ ]) III.Compensated Demand [ ]) Which of these functions is necessarily homogeneous of degree zero in all its argument? A) All of them B) None of them C) Only I D) I and III,but not II])
II.Indirect Utility [ Consider the following three concepts: I.Marshall Demand [ ]) II.Indirect Utility [ ]) III.Compensated Demand [ ]) Which of these functions is necessarily homogeneous of degree zero in all its argument? A) All of them B) None of them C) Only I D) I and III,but not II])
III.Compensated Demand [ Consider the following three concepts: I.Marshall Demand [ ]) II.Indirect Utility [ ]) III.Compensated Demand [ ]) Which of these functions is necessarily homogeneous of degree zero in all its argument? A) All of them B) None of them C) Only I D) I and III,but not II])
Which of these functions is necessarily homogeneous of degree zero in all its argument?


A) All of them
B) None of them
C) Only I
D) I and III,but not II

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