Consider the utility function U = 5x +3y², which has MU_x = 5 and MU_y = 6y. The indifference curves for this utility function A) will have a diminishing marginal rate of substitution of x for y as x increases. B) will have a constant marginal rate of substitution of x for y as x increases. C) will have an increasing marginal rate of substitution of x for y as x increases. D) will be straight lines.

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The Answer of Consider the utility function U = 5x +3y², which has MU_x = 5 and MU_y = 6y. The indifference curves for this utility function A) will have a diminishing marginal rate of substitution of x for y as x increases. B) will have a constant marginal rate of substitution of x for y as x increases. C) will have an increasing marginal rate of substitution of x for y as x increases. D) will be straight lines.

Consider the Utility Function U = 5x +3y2, Which Has

Consider the Utility Function U = 5x +3y², Which Has