Consider the following utility function: U= 4X + Y. 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...


Consider the following utility function:<br>U= 4X + Y.<br>A consumer faces prices of P, = $2 and P, =1.<br>Assuming that graphically good X is on the horizontal axis and good Y is on the vertical axis, suppose the consumer chooses to consume 10 units of good X and 19<br>units of good Y. Then the marginal rate of substitution (MRS) is equal to:<br>MRS = (Enter your response rounded to two decimal places. Do not forget to include the negative sign.)<br>étv<br>Help Me Solve This<br>eText P<br>MacBook Air<br>80<br>DII<br>esc<br>F2<br>F3<br>F6<br>F8<br>F1<br>F4<br>F5<br>F7<br>@<br>23<br>2$<br>&<br>1<br>2<br>4<br>6<br>7<br>8.<br>Q<br>W<br>E<br>R<br>T<br>Y<br>U<br>tab<br>A<br>S<br>G<br>caps lock<br>C<br>V<br>shift<br>fn<br>control<br>option<br>command<br>ーの<br>エ<br>B<br>レ<br>

Extracted text: Consider the following utility function: U= 4X + Y. A consumer faces prices of P, = $2 and P, =1. Assuming that graphically good X is on the horizontal axis and good Y is on the vertical axis, suppose the consumer chooses to consume 10 units of good X and 19 units of good Y. Then the marginal rate of substitution (MRS) is equal to: MRS = (Enter your response rounded to two decimal places. Do not forget to include the negative sign.) étv Help Me Solve This eText P MacBook Air 80 DII esc F2 F3 F6 F8 F1 F4 F5 F7 @ 23 2$ & 1 2 4 6 7 8. Q W E R T Y U tab A S G caps lock C V shift fn control option command ーの エ B レ

Jun 11, 2022
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