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Managerial Economics · Quiz 2 · 16 Aug 2026 · May 2026 term

Question 24: Choose the correct alternative

Question 24

+1 markOne correct option

A consumer purchases two goods, food and clothing. He has the utility function U(x,y) = xy + 10x, where x denotes the amount of food consumed and y the amount of clothing. Based on the above data, answer the given subquestions.

Choose the correct alternative

  1. A

    MUy is linear in x

  2. B

    MUy is linear in y

  3. C

    MUy includes both x and y terms

  4. D

    MUy is a fixed value

Show answer

Correct answer

  • A

    MUy is linear in x

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Question 24 of 28 in the IIT Madras BS Managerial Economics (Managerial Economics) Quiz 2 paper sat on 16 Aug 2026, in the May 2026 term (Managerial Economics 16 Aug 26). It carries 1 mark.

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