The utility function is a measure of utility (or satisfaction)derived by a person from the consumption of two products x and y.Suppose the utility function is Determine the marginal utility of product x.
B)
C)
D)
E)

Question

The utility function  is a measure of utility (or satisfaction)derived by a person from the consumption of two products x and y.Suppose the utility function is  Determine the marginal utility of product x. ​
B) ​ 
C) ​ 
D) ​ 
E) ​

Quizplus · Accepted Answer

The marginal utility of product x can be found by taking the partial derivative of the utility function with respect to x.

dU/dx = 2x - 3y

Therefore, the marginal utility of product x is 2x - 3y.

The Utility Function Is a Measure of Utility (Or