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Questions Below 1) The total utility function is given by: TU = 5X3Y Which of the following represents the Marginal Utility of X (MUx). O

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Questions Below

1)

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The total utility function is given by: TU = 5X3Y Which of the following represents the Marginal Utility of X (MUx). O a. 10X2Y O b. 15X2Y O c. 5X3 O d. 15x3The demand for a product is given by: Q = 60 - P. Total revenue will be maximized when quantity is equal to [a]Suppose that farmers can use their land to gnzw.r and sell wheat and cotton. Falling cotton prices will cause the supply curve for wheat. {j a. a shift to the right of 0 lo. a movement up and to the right along 0 e. a movement down and to the left along 0 d. a shift to the left of

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