Question: 1. Given the utility function 1/2 1/3 U = X X au au Determine the value of marginal utilities and at the point (25,8).
1. Given the utility function 1/2 1/3 U = X X au au Determine the value of marginal utilities and at the point (25,8). Hence 1 ????z (a) estimate the change in utility when both x and x increase by 1 unit (b) find MRCS at this point. Given the utility function U = X1 Determine the value of marginal utilities and at the point (25,8). Hence?? (a) estimate the change in utility when both X and x increase by 1 unit? (b) find MRCS at this point. 1/21/3 'X'
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