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    Microeconomics Theory and Applications
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    Exam 3: A Consumers Constrained Choice
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    Sarah Has the Utility Function U(X,Y)=X
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Sarah Has the Utility Function U(X,Y)=X

Question 114

Question 114

Multiple Choice

Sarah has the utility function U(X,Y) =X.⁵Y.²⁵.When Sarah consumes X = 2 and Y = 6 she has a marginal rate of substitution of


A) -12.
B) -1/6.
C) -6.
D) ₋₁/₁₂.

Correct Answer:

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