ishagasheriff ishagasheriff
  • 19-03-2024
  • Advanced Placement (AP)
contestada

Consider the utility function U(x,y)=y x ​ with the marginal utilities MU x ​ =y/(2 x ​ ) and MU y ​ = x ​ . a. Does the consumer believe that more is better for each good? b. Do the consumer's preferences exhibit a diminishing marginal utility of x ? Is the marginal utility of y diminishing?

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