{"id":106541,"date":"2022-01-28T16:20:00","date_gmt":"2022-01-28T16:20:00","guid":{"rendered":"https:\/\/essayparlour.com\/paperhelp\/?p=106541"},"modified":"2022-01-28T16:20:00","modified_gmt":"2022-01-28T16:20:00","slug":"sarahs-preferences-can-be-described-by-the-utility-function-ux","status":"publish","type":"post","link":"https:\/\/essayparlour.com\/paperhelp\/business-economics-2\/sarahs-preferences-can-be-described-by-the-utility-function-ux\/","title":{"rendered":"Sarah&#8217;s preferences can be described by the utility function U(X,"},"content":{"rendered":"<table style = 'table-striped table-bordered table-hover' responsive='true'>\n<tr>\n<th>Question<\/th>\n<\/tr>\n<tr>\n<td>Sarah&#8217;s preferences can be described by the utility function U(X, Y) = X2 + Y2. For this utility function, MUX = 2X and MUY = 2Y. What is her MRSXY? Do her preferences have the declining MRS property? Draw the indifference curve corresponding to a utility level of 1 (that is, combinations of X and Y such that U(X, Y) = 1). If PX = 1, PY= 2, and M = 100, at what consumption bundle is her budget line tangent to an indifference curve? What is her best choice? Is there a difference and, if so, why?<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Question<\/p>\n<p>\nSarah&#8217;s preferences can be described by the utility function U(X, Y) = X2 + Y2. For this utility function, MUX = 2X and MUY = 2Y. What is her MRSXY? Do her preferences have the declining MRS property? Draw the <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[],"class_list":["post-106541","post","type-post","status-publish","format-standard","hentry","category-business-economics-2"],"_links":{"self":[{"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/posts\/106541","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/comments?post=106541"}],"version-history":[{"count":1,"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/posts\/106541\/revisions"}],"predecessor-version":[{"id":106542,"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/posts\/106541\/revisions\/106542"}],"wp:attachment":[{"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/media?parent=106541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/categories?post=106541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/tags?post=106541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}