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4. Find the marginal rate of substitution in consumption for the utility function and determine its value at x = 2, y = 3 %3D U (x, y) = 5x2 + x²y + y²+6y

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Consumer Choice Theory

Section: Chapter Questions

Problem 3SQ

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100%

4. Find the marginal rate of substitution
in consumption for the utility
function and determine its value at x
= 2, y = 3
U (x, y) = 5x² + x²y + y2+6y

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