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Implied trade-off between x and y holding u constant

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Reference no: EM132317795

Suppose U (x, y) = 4x2 + 3y2

(a) Calculate ∂U/∂x  and ∂U/∂y

(b) Evaluate these partial derivatives at x = 1, y = 2.

(c) Write the total differential for U

(d) Calculate dy/dx for dU = 0 - that is, what is the implied trade-off between x and y holding U constant?

9e) Show U=16 whenx=1, y=2.

(f) What is the marginal rate of substitution when x = 1, y = 2?

Reference no: EM132317795

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