Examlex

Solved

Suppose That a Consumer Has Utility Function U(x,y)\mathrm { U } ( \mathrm { x } , \mathrm { y } )

question 83

Multiple Choice

Suppose that a consumer has utility function U(x,y) \mathrm { U } ( \mathrm { x } , \mathrm { y } ) with MUx=5y2x\mathrm { MUx } = 5 \mathrm { y } 2 \mathrm { x } and MUy=2x2y\mathrm { MUy } = 2 \mathrm { x } 2 \mathrm { y } . What is the marginal rate of substitution?


Definitions:

Least Squares

A mathematical approach used in regression analysis to minimize the sum of the squares of the differences between observed and predicted values.

Goals/G

In sports statistics, a metric that indicates the average number of goals scored per game by a team or player.

Win%

A statistic that represents the percentage of times a team or individual has won over the total number of games or events participated in.

National Hockey League

A professional ice hockey league in North America, composed of 32 teams and considered the premier professional ice hockey league in the world.

Related Questions