The utility function for a consumer is U = XY/(X +Y), where the MU_{X} = Y^{2}/(X+Y)^{2} and MU_{Y} = X^{2}/(X + Y)^{2}. a. What is the slope of the indifference curve when X = 3.75 and Y = 3.75? b. What is the marginal rate of substitution when X = 4 and Y = 16?

#### Top Answer

Indifference curve is the curve showing locus of different combination of 2 goods providing same level of... View the full answer

#### Sign up to view the full answer

#### Other Answers

The way to answer this question is ... View the full answer

a) The slope of the indifference curve when X =... View the full answer