Suppose that Sally's preferences over baskets containing milk (good x), and coee (good y ), are described by the utility function U(x; y ) = xy +2x. Sally's corresponding marginal utilities are,
Suppose that Sally's preferences over baskets containing milk (good x), and coee (good y ), are described by the utility function U(x; y ) = xy +2x. Sally's corresponding marginal utilities are,
Content
Suppose that Sally's preferences over baskets containing milk (good x), and coee (good y ), are described by the utility function U(x; y ) = xy +2x. Sally's corresponding marginal utilities are,
