Question: Can anyone solve this plzz. Urgent Only part B please TU (a) What is meant by utility? Explain law of diminishing marginal utility, (b) Suppose

Can anyone solve this plzz. Urgent Only part B please TU

Can anyone solve this plzz. Urgent

Only part B please

TU (a) What is meant by utility? Explain law of diminishing marginal utility, (b) Suppose prices of two goods X and Y are 10 TK and 30 TK Respectively. Your money income is 360 TK and you spend all your money income to purchase X and Y. Also consider the utility function U(X, Y) = x4 y1/4 Find the utility maximizing quantity of X and Y for given budget constraint. Question-3: 5+5

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