Economics If a consumer has a utility function of U = x + 2y, which statement is true? The MRSy→x = -1/2; x and y are perfect substitutes The MRSy→x = -2; x and y are perfect substitutes The MRSy→x = -1/2; x and y are perfect complements The MRSy→x = -1; x and y are perfect substitutes None of the above.

Microeconomic Theory
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Chapter4: Utility Maximization And Choice
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Economics

If a consumer has a utility function of U = x + 2y, which statement is true?

The MRSy→x = -1/2; x and y are perfect substitutes

The MRSy→x = -2; x and y are perfect substitutes

The MRSy→x = -1/2; x and y are perfect complements

The MRSy→x = -1; x and y are perfect substitutes

None of the above. 

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