Question #233706

if the utility function is given by u=x^2y^2 what is marginal utility?


1
Expert's answer
2021-09-06T07:07:04-0400

U(xy)=x2y2U(xy) = x^2 y^2

Marginal utility of x, MU is the first order partial derivative with respect to x and marginal utility of y, MU is the first order partial derivative with respect to y.

MUx=d(x2y2)dx=2xy2MUy=d(x2y2)dy=2x2yMU_x =\frac{ d(x^2 y^2 ) }{ dx }= 2xy^2 \\ MUy = \frac{d(x^2 y^2 ) }{ dy }= 2x^2y



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