10) Suppose that the utility function of an individual can be described as U(X,Y) = 4X + 2Y. For this utility function the MRS A) is always X*Y B) is always constant C) is always X/Y D) is always X+Y E) is always X-Y.

10) Suppose that the utility function of an individual can be described as U(X,Y) = 4X + 2Y. For this utility function the MRS A) is always X*Y B) is always constant C) is always X/Y D) is always X+Y E) is always X-Y.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

10) Suppose that the utility function of an individual can be described as U(X,Y) = 4X +
2Y. For this utility function the MRS
A) is always X*Y
B) is always constant
C) is always X/Y
D) is always X+Y
E) is always X-Y.

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