Question: 7- (l O pts) Compute marginal utilities and marginal rate of substitution for each of the utility functions given below. In each case, explain

7- (l O pts) Compute marginal utilities and marginal rate of substitution

7- (l O pts) Compute marginal utilities and marginal rate of substitution for each of the utility functions given below. In each case, explain whether the assumptions of diminishing marginal utility and diminishing marginal rate of substitution are satisfied or not. a) = 2XY = XY + 2X + 6Y c) = (0.2V+

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