Homework Answers
Marginal utility (MU) of an additional unit of good x is d(u(x,y)) / dx
u(x,y) = x2/3 y1/3
MU of good x (MUx) = (2/3)* x-1/3 y1/3
= (2/3) *(y/x)1/3
given, x = 2 and y = 16
MUx = (2/3) (16/2)1/3
MUx = 4/3 = 1.33
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