The consumer's utility function for goods X and Y is U=2X+16Y. Good X is placed on the x⋅axis and good Y is placed on the y axis. Which of the following statements is true? i.The marginal utility of good Y is 15 ii.MRS (XY) is 5. III. The consumer is willing to trade away 16 units of good X for 2 units of good Y.
a. I and II b.iii only
c.i.ii. and iii
d. ii only
e.i and iii