For the utility function U(X,Y) = X^0.75Y^0.25, the marginal utility of Y is: A) 0.75X^0.75Y^0.25. B) 0.25X^0.75Y^0.25. C) 0.75X^-^0.25Y^0.25. D) 0.25X^0.75Y^-^0.75.

Name: For the utility function U(X,Y) = X 0.75 Y 0.25 , the marginal utility of Y is: A) 0.75X 0.75 Y 0.25 . B) 0.25X 0.75 Y 0.25 . C) 0.75X - 0.25 Y 0.25 . D) 0.25X 0.75 Y - 0.75 .
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Quizplus · Accepted Answer

The marginal utility of Y is found by taking the partial derivative of the utility function with respect to Y, which results in 0.25X^0.75Y^-0.75.

For the Utility Function U(X,Y) = X0

For the Utility Function U(X,Y) = X⁰