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Question: u x y 4x116 y16 acalculate mux and...

Question details

U (x, y) = 4x11/6 y1/6 .

a)Calculate MUx and MUy.

b) Do the consumer’s preferences exhibit a diminishing marginal utility for each good?

c) Calculate MRSx,y.

d) Do the consumer’s preferences exhibit a diminishing marginal rate of substitution of x?

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