Answer to Question #211556 in Economics for Muhammad Haris

Question #211556

Calculating the MRS of Hay(X2) for Grain (X1)

Expert's answer

"MRS=\\frac{MU_{x_2}}{MU_{x_1}}"

Learn more about our help with Assignments: Economics

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. Find average wage rate from the data given below:Wage rate (Rs.)Less than 2020-4040-6060-80More than
2. Following schedule gives marks obtained by students in statistics in a class. Find out mean marks us
3. Calculate mean from the following data using short cut method:Marks Less than 10Less than 20Less th
4. Find out arithmetic mean by short cut and step deviation method:Sales (Rs. Lakhs)0-1010-2020-3030-40
5. Calculate the arithmetic mean from the following series by direct method:Marks 5-1515-2525-3535-454
6. Calculate arithmetic mean with the help of following data. Use step deviation method.Wages (in Rs.)2
7. Find the mean by direct and short-cut method from the data showing marks of students in a class in a