For the utility function: U = x + y², the MRS is given by: (calculus required) A)x/2. B)1/2y. C)1/2. D)x/2y.

Name: For the utility function: U = x + y 2 , the MRS is given by: (calculus required) A)x/2. B)1/2y. C)1/2. D)x/2y.
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Quizplus · Accepted Answer

The marginal rate of substitution (MRS) is the negative ratio of the marginal utilities of x and y. For U = x + y^2, the marginal utility of x is 1 and the marginal utility of y is 2y. Thus, MRS = -(1)/(2y) = -1/2y.

For the Utility Function: U = X + Y2, the MRS

For the Utility Function: U = X + Y², the MRS