For Ux1x2 6x113 x2 preferences are consistent with constan

For U(x1,x2) = 6x11/3 + x2, preferences are

consistent with constant marginal rate of substitution.

consistent with increasing marginal rate of substitution.

not consistent with a utility function.

consistent with diminishing marginal rate of substitution.

a.

consistent with constant marginal rate of substitution.

b.

consistent with increasing marginal rate of substitution.

c.

not consistent with a utility function.

d.

consistent with diminishing marginal rate of substitution.

Solution

consistent with diminishing marginal rate of substitution.

d.

consistent with diminishing marginal rate of substitution.

For U(x1,x2) = 6x11/3 + x2, preferences are consistent with constant marginal rate of substitution. consistent with increasing marginal rate of substitution. no

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