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Business, 16.10.2019 01:30 waterdrop026

Suppose your utility from consuming x and y is expressed as u(x, y) = ln(xy) where ln() is the natural logarithm operator. given this information, which of the following statements is not true?
a. the marginal utility of x may be positive or negative (depending on the quantity of x and y consumed).
b. the marginal utility of y does not depend on the quantity of x consumed.
c. the marginal utility of x does not depend on the quantity of y consumed.
d. all of these statements are not true.

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Suppose your utility from consuming x and y is expressed as u(x, y) = ln(xy) where ln() is the natur...

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