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

Consider the following utility function:<br>U = 100x°.50,0.50<br>A consumer faces prices of P, = $2 and P, =$1<br>Assuming that graphically good X is on the horizontal axis and good Y is on the vertical axis, suppose the consumer chooses to consume 6 units of good X and 11<br>units of good Y. Then the marginal rate of substitution is equal to:<br>MRS =<br>(Enter your response rounded to two decimal places. Do not forget to include the negative sign.)<br>Use absolute values.<br>15<br>stv<br>МacВook Air<br>80<br>DI<br>esc<br>F1<br>F2<br>F3<br>F4<br>F5<br>F6<br>F7<br>F8<br>@<br>%23<br>2$<br>&<br>1<br>2<br>4<br>6<br>7<br>8<br>Q<br>W<br>T<br>Y<br>tab<br>A<br>S<br>F<br>H<br>J<br>K<br>aps lock<br>C<br>V<br>M<br>control<br>option<br>command<br>B<br>H<br>

Extracted text: Consider the following utility function: U = 100x°.50,0.50 A consumer faces prices of P, = $2 and P, =$1 Assuming that graphically good X is on the horizontal axis and good Y is on the vertical axis, suppose the consumer chooses to consume 6 units of good X and 11 units of good Y. Then the marginal rate of substitution is equal to: MRS = (Enter your response rounded to two decimal places. Do not forget to include the negative sign.) Use absolute values. 15 stv МacВook Air 80 DI esc F1 F2 F3 F4 F5 F6 F7 F8 @ %23 2$ & 1 2 4 6 7 8 Q W T Y tab A S F H J K aps lock C V M control option command B H

Jun 11, 2022

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

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