Question
1. For the following utility functions, calculate their respective MRS 4x + 6y 2 x + y ln(x)y (x + 2)(y + 1) 2 Anakin's
1. For the following utility functions, calculate their respective MRS
4x + 6y
2 x + y
ln(x)y
(x + 2)(y + 1)
2 Anakin's utility function is u(x, y) = x^2y^2 . Consequently, he has diminishing marginal rate of substitution between goods x and y. True or False? Explain your answer.
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Auditing Cases An Active Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
2nd Edition
0130674842, 978-0130674845
