What are the correct answers for each item below?

Measuring Y on the vertical axis and X on the horizontal axis, convexity of indifference curves implies that the magnitude of MRS of X for Y... (2 pts) a. is constant as X increases. b. is increasing as X increases. c. is decreasing as X increases. d. cannot be calculated for large levels of X. If the utility function (U) between food (F) and clothing (C) can be represented as U = VF x C, the marginal utility of food equals... (2 pts) a . C . 17 If the utility function (U) between food (F) and clothing (C) can be represented as U = VF x C, the marginal rate of substitution of food for clothing equals... (2 pts) a. b. - C. d. -/ If Leonard likes homework (H) but hates exercise (E), which of the following might best represent his utility function for homework and exercise? (2 pts) a. U = H + E b. U = c. U = H2 + VE d.U = H2 x VE Howard lives by the motto "Eat drink and be merry today, for tomorrow doesn't matter." If today's consumption is represented by X and tomorrow's consumption is represented by Y, then which of the following best represents Howard's utility function? (2 pts) a. U = X - Y b. U = = C. U = X d. U = Y Bernadette has the utility function U(X, Y) = xo.50.25. When Bernadette consumes X = 5 and Y = 20, she has a marginal rate of substitution of... (3 pts) a. -2 b. - ! C. -8 d. NIN