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How to Calculate Marginal Utility and Its Impact on Consumption | U(x1,x2)
Would this be better? \begin{flalign*} \frac{\partial U}{\partial x_1} = 2(x_2 + 3)^2 (x_1 + 2) dx_1 \\* x_1 = 3 : 2(0+3)^2 (3+2) = 2.9.5 = 90 \end{flalign*} Thanks.- namy77
- Post #3
- Forum: Calculus and Beyond Homework Help
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How to Calculate Marginal Utility and Its Impact on Consumption | U(x1,x2)
1. Utility function of an individual: U=U(x_1,x_2)=(x_1 +2 )^2 (x_2=3)^3 Where x_1 and x_2 are the quantities of two commodities consumed. 2. Question: FInd the marginal-utility function of each of the commodities and the value of the marginal utility of the first commodity when 3 units of...- namy77
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- Marginal Utility
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- Forum: Calculus and Beyond Homework Help