Question
U = 2xy U = 2x+y U = 4x1y1-5 if these represent the satisfaction a customer get from good x and y How to find
U= 2xy
U = 2x+y
U = 4x1y1-5
if these represent the satisfaction a customer get from good x and y
How to find the marginal utilities of both goods as well as the marginal rate of substitution.
Which of these utility functions have a diminishing marginal rate of substitution?and what happens if y gets smaller and x gets bigger?
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Microbiology A Systems Approach
Authors: Marjorie Kelly Cowan
5th Edition
1259947963, 9781259947964
