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- Given a function described as the equation y = 4x-4, what is y when x is 1,2, and 3? A 0,6,12 B. 2,8,16 C. 4,8,12 D. 0,4,8Consider the following utility function: u = 400 (1 + 1)−1. xy a. Is this utility function homogenous? Briefly explain. b. Use implicit differentiation to find the MRCS. c. Write down an expression for the indifference curve if u = 20.please solve with formulas like (F/P, 5% , n) not with the excell
