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Question
If \[F(\lambda x,\lambda y)=F(x,y)\] for any non-zero constant \[\lambda\], what is the degree of \[F(x,y)\]?
Options
The function is not homogeneous.
Degree \[0\]
Degree \[1\]
Degree \[n\] only when \[n=1\]
MCQ
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Solution
For degree \[0\], \[\lambda^{0}=1\]. Therefore \[F(\lambda x,\lambda y)=\lambda^{0}F(x,y)=F(x,y)\], so the function is homogeneous of degree \[0\].
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