Answered: U = 5x11/2 + 2x2. What is the marginal…

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U = 5x11/2 + 2x2. What is the marginal rate of substitution at (1, 4)? Round your answer to two decimal places.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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U = 5x1
1/2
+2x2. What is the marginal rate of substitution at (1, 4)? Round your answer to two decimal places.
hand written asap

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