Question: 5. Consider the utility function U(x, y) = ny with the marginal utilities MUX = y/(2lx) and MUy = Nix. a. Does the consumer believe

$marginal utilities MUX = y/(2\\lx) and MUy = Nix. a. Does the$

5. Consider the utility function U(x, y) = ny with the marginal utilities MUX = y/(2\\lx) and MUy = Nix. a. Does the consumer believe that more is better for each good? 13. Do the consumer's preferences exhibit a diminishing marginal utility of x? Is the marginal utility of y diminishing

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