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Given the following utility function u (x, y) = 10 x0.5 Find the marginal rate of substitution MRSx , ywhen x=2 and y=4.
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Question

Given the following utility functionu (x, y) = 10 x0.5 y0.5

Find the marginal rate of substitution MRS x , y when x=2 and y=4. 

  •  A. 2
  •  B. 20
  •  C. 0.5
  •  D. 5
  •  E. More information is require

Step-by-step answer

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Subject: Business, Economics

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