Question: Suppose a consumer's preferences can be described by the utility function U(X, Y) = X + XY. a. Do the consumer's preferences satisfy the More-Is-Better

Suppose a consumer's preferences can be described by the utility function U(X, Y) = X + XY.
a. Do the consumer's preferences satisfy the More-Is-Better Principle?
b. Do the consumer's preferences satisfy the declining MRS property?
c. Does the utility function U(X, Y) = - 1/X + XY represent the same preferences, or different preferences? Explain your answer.

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