Question: Suppose for a utility function that the marginal utility for good is given by MUx = 5 y 2 / x . Which of the

Suppose for a utility function that the marginal utility for good is given by MUx =5y2/x. Which of the following is correct?
Question 7Select one:
a.
The more is better assumption is not satisfied for in this utility function.
cross out
b.
The more is better assumption is satisfied for in this utility function.
cross out
c.
This shows a positive and increasing marginal utility of x.
cross out
d.
The marginal rate of substitution must be diminishing.
cross out
e.
none of the above

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