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Calculate the marginal utilities

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Reference no: EM131456870

Calculate the Marginal Utilities ux and uy and the MRS for each of the following utility functions assuming that a,b > 0 are positive constants. (Simplify your answers if possible)

u[x,y] = 0.5x + y0.5

u[x,y] = √x + Log[√y]

Reference no: EM131456870

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