Answer to Question #243404 in Microeconomics for prakash

Question #243404

what will be the ratio of mu between two goods at MRSxy=3:1

Expert's answer

"MRS_{xy} = \\frac{dy}{dx} = \\frac{MUy}{MUx}"

= "\\frac{1}{3}"

Therefore, the ratio "MUy:MUx = 1:3"

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