Clara's utility function is U(x, Y) = (x + 2)(Y + 1). If her marginal rate of substitution is -3 and she is consuming 12 units of good x, how many units of good Y must she be consuming?
A) 15
B) 46
C) 24
D) 41
E) 7

Question

Quizplus · Accepted Answer

The Answer of Clara's utility function is U(x, Y) = (x + 2)(Y + 1). If her marginal rate of substitution is -3 and she is consuming 12 units of good x, how many units of good Y must she be consuming?
A) 15
B) 46
C) 24
D) 41
E) 7

Clara's Utility Function Is U(x, Y) = (X + 2)(Y