The expression for Hui's MRS (= Ux/Uy) is given by MRS= 4.5y/(x+1). What is the value of the derivative dMRS/dx atthe point were x=2 and y=1.1?Remember to enter the number in decimal form. If the number is negative, then use the negative sign (e.g., -3.29839).

Answered: The expression for Hui's MRS (= Ux/Uy)…

The expression for Hui's MRS (= Ux/Uy) is given by MRS = 4.5y/(x+1). What is the value of the derivative dMRS/dx at the point were x=2 and y=1.1?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

The expression for Hui's MRS (= Ux/Uy) is given by MRS= 4.5y/(x+1). What is the value of the derivative dMRS/dx at
the point were x=2 and y=1.1?
Remember to enter the number in decimal form. If the number is negative, then use the negative sign (e.g., -3.29839).

Expert Solution

Step 1

Given information:

MRS = 4.5y / (x+1)

We need to find the value of dMRS / dx at the point where x=2 and y=1.1.

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Solved in 2 steps

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