Question: Given the utility function: U = X11/2X21/2Calculate the marginal rate of substitution when x1=300 and x2=500. Select one: a.1.29 b.0.6 c.1.67 d.None e.0.77

Given the utility function: U = X11/2X21/2Calculate the marginal rate of substitution when x1=300 and x2=500.

Select one:

a.1.29

b.0.6

c.1.67

d.None

e.0.77

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