The utility function for a consumer is U = XY/(X + Y), where the MU_X = Y²/(X + Y)² and MU_Y = X²/(X + Y)².
a. What is the slope of the indifference curve when X = 3.75 and Y = 3.75?
b. What is the marginal rate of substitution when X = 4 and Y = 16?

Question

Quizplus · Accepted Answer

The Answer of The utility function for a consumer is U = XY/(X + Y), where the MU_X = Y²/(X + Y)² and MU_Y = X²/(X + Y)². a. What is the slope of the indifference curve when X = 3.75 and Y = 3.75? b. What is the marginal rate of substitution when X = 4 and Y = 16?

The Utility Function for a Consumer Is U = XY/(X