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2 Bill is the only person on an island, and he has an endowment of 20 units of coconuts (C) and 5 units of water

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2 Bill is the only person on an island, and he has an endowment of 20 units of coconuts (C) and 5 units of water (W). His utility function is: U(C, W) = In(C) + 2In(W) a Find the marginal utility of C and W. b) Find the marginal rate of substitution when Bill consumes all of his endowment

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