What is Euler's homogeneous function theorem?
'''Euler's theorem''' is one of the [[Theorem|theorems]] [[Leonhard Euler]] stated: There are certain conditions where a firm will neither make a profit, nor operate at a loss. The theorem is also known as '''Euler's homogeneous function theorem''', and is often used in [[economics]].<ref>{{Cite web|date=2017-01-25|title=2.6: Euler's Theorem for Homogeneous Functions|url=https://phys.libretexts.org/Bookshelves/Thermodynamics_and_Statistical_Mechanics/Book%3A_Heat_and_Thermodynamics_(Tatum)/02%3A_Partial_Derivatives/2.06%3A_Euler%27s_Theorem_for_Homogeneous_Functions|access-date=2021-04-12|website=Physics LibreTexts|language=en}}</ref><ref>{{Cite journal|date=2017-08-01|title=Homogeneous functions: New characterization and applications|url=https://www.sciencedirect.com/science/article/pii/S2346809216300812|journal=Transactions of A. Razmadze Mathematical Institute|language=en|volume=171|issue=2|pages=171–181|doi=10.1016/j.trmi.2016.12.006|issn=2346-8092|last1=Elghribi|first1=Moncef|last2=Othman|first2=Hakeem A.|last3=Al-Nashri|first3=Al-Hossain Ahmed}}</ref> ==References== {{reflist}} [[Category:Economics theorems]]