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Suppose my utility function is U(X,Y)=X sqrtY . Which statement is true? The marginal substitution of X with respect to Y depends on both X
Suppose my utility function is U(X,Y)=X sqrtY . Which statement is true?
The marginal substitution of X with respect to Y depends on both X and Y
This utility function represents a quasi-linear preference
The marginal utility of Y is constant but the marginal utility of X is not
The marginal utility of X is constant but the marginal utility of Y is not
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