Suppose That a Consumer Has Utility Function U(x, Y) with MU_x

question 55

Multiple Choice

Suppose that a consumer has utility function U(x, y) with MU_x = 5y²x and MU_y = 2x²y. What is the marginal rate of substitution?

• A) 10y³x³
• B) 2x/5y
• C) 5y/2x
• D) 5y²x²

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Definitions:

Evil Cause

A reason or motive for actions that are morally wrong or lead to negative outcomes, often associated with harm or malevolence.

Brave Soldier

A soldier who exhibits courage and bravery in combat situations.

Virtuous Person

refers to an individual who embodies moral excellence in their behavior and character, acting with integrity, honesty, courage, and compassion in various situations.

Situation

A set of circumstances or a state of affairs at a particular time and place.