Question: BUDA's utility function is given by U(x 1 , x 2 )=9.8 ln( x 1 ) + 6.7ln(x 2 ) wherex i denotes the quantity

BUDA's utility function is given by

U(x₁ , x₂)=9.8 ln( x₁ ) + 6.7ln(x₂)

wherex_i denotes the quantity consumed of good i, i =1, 2. It follows the value of BUDA's marginal rate of substitution of good 2 in terms of good 1 at the bundle (point) where x₁ = 7 and x₂ = 5 is ...

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