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Please solve all the parts of the question: (and could you provide an explanation for it as well please) Question-4 [24 Points] Kumar has the

Please solve all the parts of the question: (and could you provide an explanation for it as well please)

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Question-4 [24 Points] Kumar has the following utility function: U(x, y) = 6x* + y . Let px and py be the corresponding prices and I his income. a) [6 Points] Setup the Lagrangian function and find the first order conditions (FOCs). Use these FOCs to find the expression for the marginal rate of substitution (MRS). Do you see anything specific about this MRS

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