Answer to Question #125968 in Microeconomics for Ajmal Shahzad

Question #125968

a) What is his marginal rate of substitution between X =3 and Y=4? If A=1, a = 0.4 and b = 0.5.

Expert's answer

Marginal Rate of Substitution="\\frac{a}{b}\u00d7\\frac{Y}{X}"

MRS="\\frac{O.4}{O.5}\u00d7\\frac{4}{3}"

MRS=1.067

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