Question: Answer each part of this question for the utility function given. Justify your answers in words and using the appropriate derivatives. a . U (

Answer each part of this question for the utility function given. Justify your answers in words and using the appropriate derivatives.
a.U(x,Y)=Y2x2; Is the assumption that more is better satisfied for each good? (6 points)
b.U(x,Y)=0.5xY+2x; Does the marginal utility of x diminish, remain constant, or increase as the consumer buys more x, holding Y constant? (6 points)
c.U(x,Y)=x43Y43; Does the MRS of x for Y diminish, remain constant, or increase as the consumer substitutes x for Y to the right along an indifference curve? (7 points)
d.U(x,Y)=x+Y12; Are the associated indifference curves downward sloping and convex to the origin (decreasing at a decreasing rate)?(7 points)
Answer each part of this question for the utility

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