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What is the marginal utility of x and y

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Reference no: EM131227322

Kelly's utility function is given by U=5X + 2Y.

a. What is the marginal utility of X and Y?

b. What is the MRSxy ?

c. Draw a sample indifference curve

If harry considers Cubs tickets as a "good" and White Sox tickets as a "bad", draw a set of indifference curves for harry.

Reference no: EM131227322

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