Is assumption that more is better satisfied for both goods

Reference no: EM13224980

Consider the utility function

U= 3x^2 + 5y with MUx= 6x and MUy= 5

a. Is the assumption that more is better satisfied for both goods?

b. What is the MRS for this utility function

c. Is the MRS increasing, decreasing, or staying concstant as the consumer substitutes X for Y along an indifference curve?

Reference no: EM13224980

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