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13-05-2023
Business

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Mayra’s preferences can be represented by the utility function: U= 2X+3Y. Find marginal utility for good X when X=5 and Y=3.Bridget’s preferences for apples(X) and bananas(Y) can be represented by the utility function U=0.5XY. Find her marginal utility for bananas when she consumes 1 apple and 3 bananas.

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