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Property of consumer preferences

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Harry's utility function is U = 5X + 15Y. Which property of consumer preferences does Harry's utility function violate? Explain your answer. 

The utility function for a consumer is U = XY/(X +Y), where the MUX = Y2/(X+Y)2 and MUY= X2/(X + Y)2. 

What is the slope of the indifference curve when X = 4.75 and Y = 4.75?

What is the marginal rate of substitution when X = 16 and Y = 4?

Reference no: EM131453936

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