(Answered) If the utility function is given by u (x,y) =20×2 +8y , what is MRS ?If the utility function is…

➤ How do you compute the marginal utilities for this utility function?
Take partial derivatives holding the other good constant. For u(x,y)=20x²+8y, ∂u/∂x = 40x because d(20x²)/dx = 40x. And ∂u/∂y = 8 because d(8y)/dy = 8. These values give the marginal benefit from an extra unit of each good.