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Consider the Utility Function U=5x+3y2, which has MUx=5 and MUy=6y\mathrm { U } = 5 \mathrm { x } + 3 \mathrm { y } 2 , \text { which has } \mathrm { MUx } = 5 \text { and } \mathrm { MUy } = 6 \mathrm { y }

Question 27

Multiple Choice

Consider the utility function U=5x+3y2, which has MUx=5 and MUy=6y\mathrm { U } = 5 \mathrm { x } + 3 \mathrm { y } 2 , \text { which has } \mathrm { MUx } = 5 \text { and } \mathrm { MUy } = 6 \mathrm { y } . The indifference curves for this utility functionL


A) will be straight lines.
B) will have the same as increases holding constant.
C) will have the same as increases holding constant
D) will have a diminishing marginal rate of substitution as the consumer substitutes for

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