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For the Utility Function U(X,Y) = X⁰

Question 101

Multiple Choice

For the utility function U(X,Y) = X^0.5Y^0.5, the marginal rate of substitution MRS_XY is:

A) 0.5Y/X.
B) 0.5X/Y.
C) X/Y.
D) Y/X.

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