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For the Utility Function U(X,Y) = 6X + Y⁰

Question 114

Question 114

Multiple Choice

For the utility function U(X,Y) = 6X + Y^0.5, the marginal utility of Y is:

A) 6X + 0.5Y^-^0.5.
B) 6 + 0.5Y^-^0.5.
C) Y^-^0.5.
D) 0.5Y^-^0.5.

Correct Answer:

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