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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Business Economics: Consider tastes that are defined by function ux y x2 y2
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