Multiple Choice
Consider the utility function U = 5x +3y2, which has MUx = 5 and MUy = 6y. The indifference curves for this utility function
A) will have a diminishing marginal rate of substitution of x for y as x increases.
B) will have a constant marginal rate of substitution of x for y as x increases.
C) will have an increasing marginal rate of substitution of x for y as x increases.
D) will be straight lines.
Correct Answer:
Verified
Correct Answer:
Verified
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