Let say the utility function as U(X, Y ) = ln X + Y Shows that the

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Let say the utility function as U(X, Y ) = ln X + Y Shows that the marginal rate of substitution (MRS) is the same on on all of the indifference curves at a given X.

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Intermediate Microeconomics

ISBN: 978-0393934243

8th edition

Authors: Hal R. Varian

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Posted Date: Nov 25, 2019 06:13 AM

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Let say the utility function as U(X, Y ) = ln X + Y Shows that the

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Marginal rate of SubstitutionMRS MU X MU Y where MU X Marginal Utility of X an... View the full answer

Intermediate Microeconomics

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