For the utility function U(X,Y) = 10X + 4Y, the marginal utility of X is:
A) 10X.
B) 10.
C) 10X + 4Y.
D) 10 + 4Y.

Name: For the utility function U(X,Y) = 10X + 4Y, the marginal utility of X is: A) 10X. B) 10. C) 10X + 4Y. D) 10 + 4Y.
Brand: Quizplus
Rating: 4.8 (28 reviews)

Question

Quizplus · Accepted Answer

The marginal utility of a good (in this case, X) is found by taking the partial derivative of the utility function with respect to that good. For U(X,Y) = 10X + 4Y, the partial derivative with respect to X is 10, indicating the marginal utility of X is constant at 10.

For the Utility Function U(X,Y) = 10X + 4Y, the Marginal