Question regarding the product utility function

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Reference no: EM131116806

The following Table gives a 2-product utility function


Services (X)

Goods (Y)

1

2

3

4

5

6

7

8

9

10

1

2

3

4

5

6

7

8

9

10

25

37

47

55

62

68

73

77

79
80

36

48

58

66

73

79

84

88

90

91

46

58

68

76

83

89

94

98

100

101

55

67

77

85

92

98

103

107

109

110

63

75

85

93

100

106

111

115

117

118

70

82

92

100

107

113

118

122

124

125

76

88

98

106

113

119

124

128

130

131

81

93

103

111

118

124

129

133

135

136

85

97

107

115

122

128

133

137

139

140

88

100

110

118

125

131

136

140

142

143

Required to:

Compute the set of market baskets for each of the following levels of utility:Present graphically the market baskets in (i) above. Given the prices of X and Y asGenerate the total utility and marginal utility, for X = 6Y = 9

Reference no: EM131116806

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Question regarding the product utility function : The following Table gives a 2-product utility function
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