3.9 Two goods have independent marginal utilities if d 2U d 2U dYdX dXdY Show that if...

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3.9 Two goods have independent marginal utilities if d

2U d 2U dYdX dXdY Show that if we assume diminishing marginal utility for each good, then any utility function with independent marginal utilities will have a diminishing MRS. Provide an example to show that the converse of this statement is not true.

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