Solution: False. A homogeneous real valued function of two variable x and y is a real valued function that satisfies the condition f(rx,ry)=rkf(x,y),for some constant k and all real number r. Now, the given real valued function of two variable is f(x,y)=max{xy,x}Putting x=rx, and y=ry ,we get,f(rx,ry)=max{rxry,rx} =max{xy,rx} =rkf(x,y) ,for some constant k and all real number r.Hence,f is not a homogeneous function.
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