For a utility function u = xy + 3x + 4y, marginal utility of good x is:

Related MCQs

• Given a total utility function, Marginal utility is obtained by finding ______
• If u = xn is total utility, the functions of marginal utility u will be:
• ____ functions are a special class of homogeneous function in which the marginal rate of Technicalsubstitution is constant along the function.
• In the short run, a monopolist will shut down if it is producing a level of output where marginal revenue is equal to short-run marginal cost and price is:
• ______ function expresses the relationship between price of the good and quantity of the good demanded.
• ______ function expresses the relationship between price of the good and quantity of the good supplied.
• In the Keynesian linear consumption function Y=β1+β2X, the marginal propensity to consume is
• The given function f (x) = ax + b, is an example of ____ function:
• The given function f (x) = ax2 + bx + c , is an example of ____ function:
• Demand function for a commodity is D = 44 – 7P and supply function S = 2P –10, then the equilibrium price is: