Answered: Suppose the function for the utility…

Suppose the function for the utility from good c is denoted as U(c)=2c1/2 . Which of the following expressions indicates the marginal utility of c?

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Suppose the function for the utility from good c is denoted as U(c)=2c^1/2 . Which of the following expressions indicates the marginal utility of c?

Definition Definition Satisfaction derived from the consumption of an additional unit of any commodity.

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