Question: Kims utility function for two goods x 1 and x 2 are given by U = x 1 2 + 2 x 1 x 2

Kims utility function for two goods x1 and x2 are given by U= x12+2 x1 x2+ x22(3 marks)a. Compute Kims Marginal rate of substitution (MRS)b. Her friend Timothys preferences are given by V= x1+ x2. What is his MRS?c. Do Kims and Timothys utility functions represent the same preferences? Providereasoning for your answer.

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