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
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
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text: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

Transcribed Image Text: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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