Question: \(U = ({(x_1 \times x_2) \over (x_1 + x_1^2)}) x_2\) a. Determine mathematically whether the utility function given above is homogeneousb. Determine and explain the degree of homogeneity fo

Question: \(U = ({(x_1 \times x_2) \over (x_1 + x_1^2)}) x_2\)

a. Determine mathematically whether the utility function given above is homogeneous

b. Determine and explain the degree of homogeneity for the utility function if it is homogeneous

c. Explain what is meant by a homogeneous utility function