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Let the function y = 5u2 + 8v be the function of the total happiness (y) obtained by the consumer for the consumption of units
Let the function y = 5u2 + 8v be the function of the total happiness (y) obtained by the consumer for the consumption of units of good u and good v. Find the partial derivatives / , / Explain the concept of marginal utility Interpret / , / in the microeconomic context of marginal utility What good brings greater joy to the consumer with its consumption? (When it derives partially with respect to u you should take v as constant, and when it derives partially with respect to v, u will be taken as constant. Example / = 10)
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