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    Microeconomics Study Set 16
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    Exam 3: Consumer Preferences and the Concept of Utility
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    Suppose That a Consumer Has Utility Function U(x, Y) with MU<sub>x</sub>
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Suppose That a Consumer Has Utility Function U(x, Y) with MUx

Question 55

Question 55

Multiple Choice

Suppose that a consumer has utility function U(x, y) with MUx = 5y2x and MUy = 2x2y. What is the marginal rate of substitution?


A) 10y3x3
B) 2x/5y
C) 5y/2x
D) 5y2x2

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