Given utility function xy/(x+y) = u(x,y), and the budget constraint 4x+y=27 Solve for the optimal value of

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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

Posted Date: Jun 14, 2024 01:40 AM

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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

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