Solved

The Utility Function U=f(x,y)U = f ( x , y )

Question 78

Multiple Choice

The utility function U=f(x,y) U = f ( x , y ) is a measure of utility (or satisfaction) derived by a person from the consumption of two products x and y. Suppose the utility function is U=7x2+5xy2y2U = - 7 x ^ { 2 } + 5 x y - 2 y ^ { 2 } . Determine the marginal utility of product x.


A) 5x4y5 x - 4 y
B) 14x+5y- 14 x + 5 y
C) 14x+5y2y2- 14 x + 5 y - 2 y ^ { 2 }
D) 7x2+5x4y- 7 x ^ { 2 } + 5 x - 4 y
E) 14x+54y- 14 x + 5 - 4 y

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions