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Utility function of an individual is given by , U = Y, what is the Marginalutility derived from each of the two goods given that
Utility function of an individual is given by, U = Y,what is the Marginalutility derived from each of the two goods given that the price of good X is N$ 6 per unit, price of good Y is N$ 3 per unit and income is N$ 120?
Select one:
a.MUx = 15X-1/4Y1/4and MUy = 2X-1/4Y1/4
b.MUx = 0.75X-1/4Y1/4and MUy = 0.25X3/4Y-3/4
c.MUx = 0.25X3/4Y1/4and MUy = 4 X-1/4Y1/4
d.MUx = 1.33X-1/4Y1/4and MUy = 4 X-1/4Y1/4
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