Question: Consider the following utility function U (X,Y) = X 1/2 Y 1/2 A. What is the name of a utility function of this form B.
Consider the following utility function
U (X,Y) = X1/2Y1/2
A. What is the name of a utility function of this form
B. if U=10 X=2 what does Y=
C. What is the marginal utility of X and of Y
D. The marginal rate of substitution for X with Y is?
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