Question
Isabelle's has preferences represented by the Cobb Douglas utility function U(x1,x2)=x12 X2 with MRS = X1 She is currently consuming X1 3, X2 12.
Isabelle's has preferences represented by the Cobb Douglas utility function U(x1,x2)=x12 X2 with MRS = X1 She is currently consuming X1 3, X2 12. How many units of X2 will she be willing to give up for an additional unit of X 1 so that she stays at the same level of utility. Write your answer in numeric. Do not use units/special characters.
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Intermediate Microeconomics
Authors: Hal R. Varian
9th edition
978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968
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