Charlie's utility function is U(x,y) = xy^2. His marginal rate of substitution between x and y does not change if the amount of both goods doubles.

Charlie's utility function is U(x,y) = xy^2. His marginal rate of substitution between x and y does not change if the amount of both goods doubles.

Charlie's utility function is U(x,y) = xy^2. His marginal rate of substitution between x and y does not change if the amount of both goods doubles.



Answer: True