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Consider Gary's utility function: U(X,Y) = 5 XY, where X and Y are two goods. Gary's absolute value of the marginal rate of substitution is
Consider Gary's utility function: U(X,Y) = 5 XY, where X and Y are two goods. Gary's absolute value of the marginal rate of substitution is a. X/2Y b. Y/2X c. X/Y d. Y/X
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Essentials of Econometrics
Authors: Damodar Gujarati, Dawn Porter
4th edition
73375845, 978-0071276078, 71276076, 978-0073375847
