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Need this 3 question help. Please put the explanations too! thanks! Suppose that a consumer's utility function for Good A and Good B is given
Need this 3 question help. Please put the explanations too! thanks!
- Suppose that a consumer's utility function for GoodAand GoodBis given byU= 2A+B.At the consumption bundle (A= 1,B= 2), what is this consumer's marginal rate of substitution ofAforB(MRSAB)? Round your answer to two decimal places.
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