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Henry's utility function is 4x2+4xw+w2, where x is his consumption of x and w is his consumption of w a. Henry's marginal rate of substitution
Henry's utility function is 4x2+4xw+w2, where x is his consumption of x and w is his consumption of w
a. Henry's marginal rate of substitution between x and w is constant and is equal to -2
b. Henry's preferences are nonconvex
c. Henry's marginal rate of substitution between x and w is constant and is equal to -1
d. Henry's indifference curves are L-shaped
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