Asked Apr 13, 2019

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 


Expert Answer

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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