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4. Miriam has quasilinear preferences over consumption of coffee(x) and muffins (y). Her utility is given by U (x, y) = 5/n (x) y. Her
4. Miriam has quasilinear preferences over consumption of coffee(x) and muffins (y). Her utility is given by U (x, y) = 5/n (x) y. Her income is equal to m = $10, and Py = 1. (a) Find MRS as a function of consumption of the two commodites
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Microeconomics
Authors: Douglas Bernheim, Michael Whinston
2nd edition
73375853, 978-0073375854
