Question: Question Exercise 2. Let U : R4 - R be a utility function; i.e., U (c1, c2) E R represents the utility level associated with

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Exercise 2. Let U : R4 - R be a utility function; i.e., U (c1, c2) E R represents the utility level associated with a bundle (c1, c2) E R3. Assume U is differentiable, with OU (c1, c2) /ac; > 0 for i = 1,2. Show that the marginal rate of substitution is equal to the absolute value of the slope of the indifference curve

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