viernes, 10 de abril de 2009

Chascarrillo económico

Leemos en el Varian avanzado, con el cual todos nosotros deberíamos estar más que familiarizados:
A function f(x) is homogeneous of degree k if f(tx) = t^k f(x) for all t>0. The two most important "degrees" in economics are the zeroth and first degree. (2)

(2) However, it is sometimes thought that the Masters and the Ph.D. are even more important.