Calculate the marginal utilities ux and uy and the mrs for
Calculate the Marginal Utilities ux and uy and the MRS for each of the following utility functions assuming that a,b > 0 are positive constants. (Simplify your answers if possible)
u[x,y] = 0.5x + y0.5
u[x,y] = √x + Log[√y]
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calculate the marginal utilities ux and uy and the mrs for each of the following utility functions assuming that ab gt
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