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Question: q2 based on textbook problem 319 consider the utility function...

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Q2) (based on textbook problem 3.19) Consider the utility function 2Vx +3v/y a) Find MU and MU b) Is the assumption that more is better satisfied for both goods? c) Does the marginal utility of each good diminish, remain constant, or increase as the consumer buys more? d) What is MR.Sa,y? Is it diminishing, constant, or increasing as the consumer sub- stitutes x for y along an indifference curve? e) On a graph with r on the horizontal axis and y on the vertical axis, draw a typical indifference curve. (It need not be exactly to scale, but the major points like how slope changes along the curve should be clear). Also indicate whether the indifference curve will intersect either or both axes. Label this curve U f) Draw a second curve U2 such that U2 > Ui

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