What type of utility function is this?

(a) What type of utility function is this? Show more Consider the utility function u(x1 x2) = 4(x1)^0.5 + x2 (a) What type of utility function is this? If x1 was fixed (thus you can think of it as a constant) what type of function is this utility function in terms of x2? (b) Derive the marginal utility for good 1 MU1. (as always remember to show your work!) (c) Derive the marginal utility for good 2 MU2. (d) Derive the marginal rate of substitution MRS (write out any formulas you use). (e) Evaluate the MRS at the following bundles: (9 10) and (9 20) (ie give a numerical answer). Show less

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