Question: a. Utility is given by the function U(x,y) = x0.6(y + 4)0.3. Calculate the marginal utility of x in terms of x and y. Simplify.

a. Utility is given by the function U(x,y) = x0.6(y +

a. Utility is given by the function U(x,y) = x0.6(y + 4)0.3. Calculate the marginal utility of x in terms of x and y. Simplify. b. Calculate the marginal utility of y in terms of x and y. Simplify. Calculate the marginal rate of substitution in terms of x and y. Simplify. c

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