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EconomicsQ&A Library10. which of the utility function U=5x+3y^2. the indifference curves for this utility function. @) will have a constant marginal rate of substitution of x for y as x increases. B) will have an increasing marginal rate of substitution of x for y as x increases. please explainQuestion

Asked Apr 13, 2019

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10. which of the utility function U=5x+3y^2. the indifference curves for this utility function.

@) will have a constant marginal rate of substitution of x for y as x increases.

B) will have an increasing marginal rate of substitution of x for y as x increases.

please explain

Step 1

MRS of x for y is given by the following formula:

Step 2

As can be seen from MRS function below, MRS is independent of x. So...

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