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Question-4 (Marginal utility) Find the marginal utility (MU) and marginal rate of substitution (MRS) of following utility functions. 1. U ( x 1 , x

Question-4 (Marginal utility) Find the marginal utility (MU) and marginal rate of substitution (MRS) of following utility functions.

1.U(x1,x2)=ln(x1)+x2,findMUx1,MUx2andMRS(x1,x2)

2.U(x1,x2)=(2x12+x23)1/2,findMUx1,MUx2,andMRS(x1,x2)

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