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28 Sep 2019
For each of the following proposed utility functions identify whether it has positive marginal utilities and diminishing marginal utilities.
a) u(x, y) = 2x 0.2 y 0.8
b) u(x, y) = 5ln(xy)
c) u(x, y) =5x 0.6 + 4y 0.5 + (xy) 2
d) u(x, y) = 10(x â 2)0.5 (y â 2)0.5
For each of the following proposed utility functions identify whether it has positive marginal utilities and diminishing marginal utilities.
a) u(x, y) = 2x 0.2 y 0.8
b) u(x, y) = 5ln(xy)
c) u(x, y) =5x 0.6 + 4y 0.5 + (xy) 2
d) u(x, y) = 10(x â 2)0.5 (y â 2)0.5
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Samantha BalandoLv7
28 Sep 2019