Consider the utility func

Consider the utility func

Consider the utility functionU= 3x^2 + 5y with MUx= 6x and MUy= 5a. Is the assumption that more is better satisfied for both goods?b. What is the MRS for this utility functionc. Is the MRS increasing, decreasing, or staying concstant as the consumer substitutes X for Y along an indifference curve?

%d bloggers like this: