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Jewel's Utility Is a Function of Golf (G) and Music

Question 41

Multiple Choice

Jewel's utility is a function of golf (G) and music lessons (M) , where MUG = 1/G and MUM = 1/M. What is the equation for the marginal rate of substitution of music lessons for golf (MRSGM) ?


A) GM
B) M/G
C) G/M
D) M - G

Correct Answer:

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