Question 3

Question 3 For each of the following utility functions, what is the marginal utility of :12? What is the marginal utility of y? 'Nhat is the marginal rate of substitution MRS? What is the equation (1: as a function of 3:) for the indifference curve corresponding to 5 units of utility? What is the equation for the indifference curve corresponding to U = 10? (a) Way) = 1W5 + 7'1; 0)) U (:r, a) = 21:1th + 111(2y) (C) Utah) = x'ay\