(Answered) For each of the following utility functions find the

Management Studies

For each of the following utility functions, find the marginal rate of substitution function, MRS, and plot the indifference curve for which the consumer reaches a utility level of U = 10.

a. u(x₁x₂)= x₁x₂

_B.u(x₁x₂)= 2x₂

_C.u(x₁x₂)= x₁+x₂

_D.u(x₁x₂)= min{x₁,2x₂}

e. u(x₁x₂)= x₂+x²₁

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