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Consider the Utility Function U = 5x +3y2, Which Has MRSx,y M R S_{x, y}

Question 24

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 be straight lines.
B) will have the same MRSx,y M R S_{x, y} as y increases holding x constant.
C) will have the same MRSx,y M R S_{x, y} as x increases holding y constant.
D) will have a diminishing marginal rate of substitution as the consumer substitutes x for y .

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