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  3. 4 an individual has preferences represented by the utility function...

Question: 4 an individual has preferences represented by the utility function...

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4. An individual has preferences represented by the utility function U(x,y)=(x12+yızg Which of the following statements concerning her MRS is false? a. If the individual has 4 units of x and 36 units of y, she would be willing to trade a b. If the individual has 8 units of x and 2 units of y, the MRS of x for y at that point would c. If the individual has 16 units of x and 4 units of y, she would be willing to trade a d. If the individual has 10 units of x and 250 units of y, she would be willing to trade a maximum of 1/3 units of y to get 1 additional unit of x. be 1/2 maximum of 2 units of x to get 1 additional unit of y. maximum of 5 units of y to get 1 additional unit of x.
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