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For the Utility Function U(X,Y) = X⁰

Question 32

Multiple Choice

For the utility function U(X,Y) = X^0.75Y^0.25, the marginal utility of Y is:

A) 0.75X^0.75Y^0.25.
B) 0.25X^0.75Y^0.25.
C) 0.75X^-0.25Y^0.25.
D) 0.25X^0.75Y^-0.75.

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