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U(X,Y) = MIN(2X, 3Y). Given bundle is X = 3 and Y = 1 1. Find the Marginal Rate of Substitution (MRS) 2. Draw the

U(X,Y) = MIN(2X, 3Y). Given bundle is X = 3 and Y = 1

1. Find the Marginal Rate of Substitution (MRS)

2. Draw the indifference curve that goes through the given bundle

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