Question
Given that a utility function takes the form: u(x, x) = cln x + d ln x Find its marginal rate of substitution. [5
Given that a utility function takes the form: u(x, x) = cln x + d ln x Find its marginal rate of substitution. [5 Marks]
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Microeconomics
Authors: Douglas Bernheim, Michael Whinston
2nd edition
73375853, 978-0073375854
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