conbro3604 conbro3604
  • 05-06-2023
  • Business
contestada

For each of the following utility functions, show whether the function displays diminishing MRS. (a) U(x,y)=x α
y β
where α&β∈(0,1) (b) U(x,y)=7x 0.5
+y 5
(c) U(x,y)=ln(x)+ln(y)

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