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1. For the following utility functions, calculate their respective MRS 4x + 6y 2 x + y ln(x)y (x + 2)(y + 1) 2 Anakin's

1. For the following utility functions, calculate their respective MRS

4x + 6y

2 x + y

ln(x)y

(x + 2)(y + 1)

2 Anakin's utility function is u(x, y) = x^2y^2 . Consequently, he has diminishing marginal rate of substitution between goods x and y. True or False? Explain your answer.

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