Suppose that the price of good X is $2 and good Y is $3. I have...

Question

Question

Suppose that the price of good X is $2 and good Y is $3. I have $90 to spend and my preferences over X and Y are U(x,y) = (x^2/3)(y^1/3).

How can you calculate the marginal utility of both X and Y using calculus (show the steps/work)?

business economics

Answer 1

Answer #1

Answer 2

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