in this post you eill get answer of Lafonda thinks X and Y are perfect substitutes, and she likes good X three times as much as good Y.

a. Identify Lafonda’s utility function. Calculate her marginal utility of X by insureinsurancelife

Lafonda thinks X and Y are perfect substitutes, and she likes good X three times as much as good Y.

a. Identify Lafonda’s utility function. Calculate her marginal utility of X and Y by taking partial derivatives. Use your answers to calculate Lafonda’s MRS XY.

b. Three bundles lie on the same indifference curve. These bundles contain 0, 2, and 4 units of X , respectively. How many units of Y might each of these bundles contain (There is more than one correct answer. You only need to give one.)

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