Jack makes his consumption and saving decisions two months at a time. His income this month is
Question:
a) U(x, y) = xy2, MUx = y2, MUy = 2xy
b) U(x, y) = x2 y, MUx = 2xy, MUy = x2
c) U(x, y) = xy, MUx = y, MUy = x
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