Given the following utility function u (x, y) = 10 x0.5 Find the marginal rate of substitution MRSx , ywhen x=2 and y=4.
View the step-by-step solution to:

Question

Given the following utility function

u (x, y) = 10 x0.5 y0.5

Find the marginal rate of substitution

MRS x , y when x=2 and y=4. 

Top Answer

Sign up to view the full answer

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

-

Educational Resources
  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question