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

question 64

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.

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Definitions:

Agreeableness

A personality trait that reflects a person's tendency towards kindness, empathy, and cooperation with others.

Cooperation

The process of working together towards a common goal or purpose; it involves mutual help and teamwork among individuals or groups.

Neuroticism

A personality trait involving a higher susceptibility to stress and emotional instability.

Shorter Life Expectancies

The predicted average length of life that is below the average in comparison to larger population groups due to various factors like health, lifestyle, or socioeconomic status.