(Answered) Kellys utility function is given by u5x 2ya what is the

Management Studies

Kelly's utility function is given by U=5X + 2Y.

a. What is the marginal utility of X and Y?

b. What is the MRSxy ?

c. Draw a sample indifference curve

If harry considers Cubs tickets as a "good" and White Sox tickets as a "bad", draw a set of indifference curves for harry.

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