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Consider a consumer whose preferences over the goods are represented by the utility function U(x; y) = xy2. Recall that for this function the marginal utilities are given by MUx(x; y) = y2 and MUy(x; y) = 2xy. (a) What are the formulas for the indierence curves corresponding to utility levels of u = 1, u = 4, and u = 9?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91954617

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