Consider the Utility Function $\mathrm { U } = 5 \mathrm { x } + 3 \mathrm { y } 2$

question 20

Multiple Choice

Consider the utility function $\mathrm { U } = 5 \mathrm { x } + 3 \mathrm { y } 2$ , which has $\mathrm { MUx } = 5$ and $\mathrm { MUy } = 6 \mathrm { y }$ . 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.

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