Suppose That U = U(P, M), Where P and M $\Delta$

question 68

Multiple Choice

Suppose that U = U(P, M) , where P and M are peanuts and marshmallows. The marginal utility of marshmallows, MU_M, is given by:

• A) P + M.
• B) P/M.
• C) \(\Delta\)U(P, M)/\(\Delta\)M.
• D) \(\Delta\)U(P, M) × \(\Delta\)M.