Question: 1)Consider the utility function: U = 3x^2+5y with Mux = 6x and MUy = 5. a.Is the assumption that more is better satisfied for both

1)Consider the utility function: U = 3x^2+5y with Mux = 6x and MUy = 5.

a.Is the assumption that more is better satisfied for both goods?

b.What is the MRS for this utility function?

c.Is the MRS increasing, decreasing, or remining constant as the consumer substitutes X for Y along the indifference curve?

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