Given a Utility Function U = 3A²B³, Which of the Following

question 17

Multiple Choice

Given a utility function U = 3A²B³, which of the following is true?

• A) MU_A = 3A²
• B) MU_B = 9A²B²
• C) The marginal rate of substitution cannot be determined.
• D) The marginal utility for each good is negative.

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Definitions:

Social Role Theory

A theory suggesting that individuals perform roles in society based on expectations and norms attached to their social position.

Maternal Tasks

The responsibilities and activities traditionally associated with motherhood and the caregiving role of mothers.

Intelligence

The capacity for learning, understanding, and applying knowledge and skills and the ability to adapt to new situations.

Social Identity Theory

A psychological theory proposing that individuals derive part of their self-concept from their perceived membership in a relevant social group.