Consider the Utility Function U = 5x +3y², Which Has

question 21

Multiple Choice

Consider the utility function U = 5x +3y², which has MU_x = 5 and MU_y = 6y. The indifference curves for this utility function

• A) will have a diminishing marginal rate of substitution of x for y as x increases.
• B) will have a constant marginal rate of substitution of x for y as x increases.
• C) will have an increasing marginal rate of substitution of x for y as x increases.
• D) will be straight lines.

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