For the utility function U(X,Y) = 6X + Y^0.5, the marginal utility of Y is: A) 6X + 0.5Y^-0.5. B) 6 + 0.5Y^-0.5. C) Y^-0.5. D) 0.5Y^-0.5.

Name: For the utility function U(X,Y) = 6X + Y 0.5 , the marginal utility of Y is: A) 6X + 0.5Y -0.5 . B) 6 + 0.5Y -0.5 . C) Y -0.5 . D) 0.5Y -0.5 .
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Question

Quizplus · Accepted Answer

The marginal utility of Y is obtained by taking the partial derivative of the utility function U(X,Y) with respect to Y, which results in 0.5Y^(-0.5), matching option D.

For the Utility Function U(X,Y) = 6X + Y0

For the Utility Function U(X,Y) = 6X + Y⁰