Consider the following utility function: U = 100x.50,0.50 A consumer faces prices of P, = $2 and Py =$1. Assuming that graphically good X is on the horizontal axis and good Y is on the vertical axis,...

Extracted text: Consider the following utility function: U = 100x.50,0.50 A consumer faces prices of P, = $2 and Py =$1. Assuming that graphically good X is on the horizontal axis and good Y is on the vertical axis, suppose the consumer chooses to consume 6 units of good X an units of good Y. Then the marginal rate of substitution is equal to: MRS = 1.83. (Enter your response rounded to two decimal places. Do not forget to include the negative sign.) Use absolute values. The consumer should consume to maximize utility. more Y and less X the same amount of X and Y more X and less Y 15 tv MacBook Air 80 esc DII F1 F2 F3 F4 F5 F6 F7 F8 @ #3 % 2 7 8. Q W E Y tab s lock A S F G H J Z C V N M Onteel 8 : < co="" t="">