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____ functions are a special class of homogeneous function in which the marginal rate ofTechnicalsubstitution is constant along the function.

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Question:

____ functions are a special class of homogeneous function in which the marginal rate ofTechnicalsubstitution is constant along the function.

A.

Hypothetic

B.

Homothetic

C.

Objective

D.

Value

Answer» b. Homothetic

Note: The above multiple-choice question is for all general and Competitive Exams in India.