Consider tastes that are defined by function ux y x2 y2
Consider tastes that are defined by function u(x, y) = x^2 + y^2. The MUx = 2x & MUy = 2y. Do these tastes have diminishing marginal rate of substitution? Are they convex? Explain your answer.
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consider tastes that are defined by function ux y x2 y2 the mux 2x amp muy 2y do these tastes have diminishing
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