9. Given the following utility function for goods A and BU =200xA + 300xB + 4x4XB – 2x% – x-What is the marginal utility of A when xA = 10 and xg = 4?O 136O 146O 156O 166O 176 10. (Follow-on from Q9)Which, if any, of the following statements are correct?(1) A and B are substitutes(ii) A and B both demonstrate diminishing marginal utility(iii) Utility is maximised when MUĄ and MUg are 0O () and (I)O (ii) onlyO (ii) and (ii)O (ii) onlyO All of them

We will answer the first question since the exact one was not specified. Please submit a new…

Answered: 9. Given the following utility function…

9. Given the following utility function for goods A and B = 200x4 + 300xg + 4x4Xg – 2x – x3 - What is the marginal utility of A when xA = 10 and Xp = 4? O 136 O 146 O 156 O 166 O 176

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Chapter1: Making Economics Decisions

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Question

9. Given the following utility function for goods A and B
U =
200xA + 300xB + 4x4XB – 2x% – x
-
What is the marginal utility of A when xA = 10 and xg = 4?
O 136
O 146
O 156
O 166
O 176

10. (Follow-on from Q9)
Which, if any, of the following statements are correct?
(1) A and B are substitutes
(ii) A and B both demonstrate diminishing marginal utility
(iii) Utility is maximised when MUĄ and MUg are 0
O () and (I)
O (ii) only
O (ii) and (ii)
O (ii) only
O All of them

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