Question: Kellys utility function is given by U = 5X + 2Y, where MUX = 5 and MUY = 2. a. What is MRSXY? b. What

Kelly’s utility function is given by U = 5X + 2Y, where MUX = 5 and MUY = 2.
a. What is MRSXY?
b. What is MRSXY when X = 1 and Y = 5? When X = 2 and Y = 2.5?
c. Draw a sample indifference curve.

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