If the Utility function of an individual takes the form u(x, y) = (x + 2)² (y + 3)³ where U is total utility, and x and y are the quantities of two commodities consumed. what is the value of marginal utility of x ( or u) when x =2 and y = 1? 436 512 543 625

If the Utility function of an individual takes the form u(x, y) = (x + 2)² (y + 3)³ where U is total utility, and x and y are the quantities of two commodities consumed. what is the value of marginal utility of x ( or u) when x =2 and y = 1? 436 512 543 625

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Consumer Choice Theory

Section: Chapter Questions

Problem 3SQ

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Question

If the Utility function of an individual takes the form
u(x, y) =
(x + 2)² (y+ 3)³
where U is total utility, and x and y are the quantities of two commodities
consumed.
what is the value of marginal utility of x ( or u) when x =2 and y = 1?
%3D
512
543
625

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