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Given utility function xy/(x+y) = u(x,y), and the budget constraint 4x+y=27 Solve for the optimal value of x and y using MRS = MRT method
Given utility function xy/(x+y) = u(x,y), and the budget constraint 4x+y=27
Solve for the optimal value of x and y using MRS = MRT method
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Macroeconomics
Authors: Stephen D. Williamson
6th Edition
013447211X, 134472119, 978-0134472119
