C CHRISTMAS New member Joined Nov 2, 2016 Messages 9 Nov 9, 2016 #1 So, my utility function is U(D,F)=10DF. What is the Marginal Utility (MU) D and F? Is this thinking correct. I would take the partial derivative of each variable, therefore: The MU of D would be --> 10F The MU of F would be --> 10D
So, my utility function is U(D,F)=10DF. What is the Marginal Utility (MU) D and F? Is this thinking correct. I would take the partial derivative of each variable, therefore: The MU of D would be --> 10F The MU of F would be --> 10D
I Ishuda Elite Member Joined Jul 30, 2014 Messages 3,342 Nov 9, 2016 #2 CHRISTMAS said: So, my utility function is U(D,F)=10DF. What is the Marginal Utility (MU) D and F? Is this thinking correct. I would take the partial derivative of each variable, therefore: The MU of D would be --> 10F The MU of F would be --> 10D Click to expand... That is what comes from the usual accepted definition.
CHRISTMAS said: So, my utility function is U(D,F)=10DF. What is the Marginal Utility (MU) D and F? Is this thinking correct. I would take the partial derivative of each variable, therefore: The MU of D would be --> 10F The MU of F would be --> 10D Click to expand... That is what comes from the usual accepted definition.
