Solved

Consider the Utility Function U = 5x +3y2,which Has MUx

Question 49

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 Consider the utility function U = 5x +3y<sup>2</sup>,which has MU<sub>x</sub> = 5 and MU<sub>y</sub> = 6y.The indifference curves for this utility function A) will have a diminishing marginal rate of substitution of for as x increases. B) will have a constant marginal rate of substitution of for as x increases. C) will have an increasing marginal rate of substitution of for as x increases. D) will be straight lines. for Consider the utility function U = 5x +3y<sup>2</sup>,which has MU<sub>x</sub> = 5 and MU<sub>y</sub> = 6y.The indifference curves for this utility function A) will have a diminishing marginal rate of substitution of for as x increases. B) will have a constant marginal rate of substitution of for as x increases. C) will have an increasing marginal rate of substitution of for as x increases. D) will be straight lines. as x increases.
B) will have a constant marginal rate of substitution of Consider the utility function U = 5x +3y<sup>2</sup>,which has MU<sub>x</sub> = 5 and MU<sub>y</sub> = 6y.The indifference curves for this utility function A) will have a diminishing marginal rate of substitution of for as x increases. B) will have a constant marginal rate of substitution of for as x increases. C) will have an increasing marginal rate of substitution of for as x increases. D) will be straight lines. for Consider the utility function U = 5x +3y<sup>2</sup>,which has MU<sub>x</sub> = 5 and MU<sub>y</sub> = 6y.The indifference curves for this utility function A) will have a diminishing marginal rate of substitution of for as x increases. B) will have a constant marginal rate of substitution of for as x increases. C) will have an increasing marginal rate of substitution of for as x increases. D) will be straight lines. as x increases.
C) will have an increasing marginal rate of substitution of Consider the utility function U = 5x +3y<sup>2</sup>,which has MU<sub>x</sub> = 5 and MU<sub>y</sub> = 6y.The indifference curves for this utility function A) will have a diminishing marginal rate of substitution of for as x increases. B) will have a constant marginal rate of substitution of for as x increases. C) will have an increasing marginal rate of substitution of for as x increases. D) will be straight lines. for Consider the utility function U = 5x +3y<sup>2</sup>,which has MU<sub>x</sub> = 5 and MU<sub>y</sub> = 6y.The indifference curves for this utility function A) will have a diminishing marginal rate of substitution of for as x increases. B) will have a constant marginal rate of substitution of for as x increases. C) will have an increasing marginal rate of substitution of for as x increases. D) will be straight lines. as x increases.
D) will be straight lines.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q44: Consider the utility function U = min

Q44: If MRSx, y is constant at 5,

Q45: Which of the following utility functions is

Q47: 53.If two goods are perfect substitutes,then
A) the

Q47: Two goods are perfect substitutes. The marginal

Q50: Consider the utility function U = 5x

Q53: Consider the utility function U = min

Q53: 54.If two goods are perfect complements,then
A) the

Q54: Which of the following utility functions is

Q59: Imagine an indifference curve graph with units

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents