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if i have a slope that is y+ 1 is this a constant or a increasing slope?
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it constant because there is no x value in the equation
understand it??
kind a... this is the question i'm confused with: Consider the utility function U(x,y) = xy + x Does the marginal utility of x diminish, remain constant or increase when the consumer buys more units? Explain.
so the marginal ultility of x is just y+1, but that is going to be a bigger for each new basket containing y and x
what?? you asked if the slope above was constant or increasing
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well, yeah.......the slope for the function xy+x to x is y+1, right?
explain to me how you got that??
partial derivative of U to x
ok, now what about the xy??
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