Question: Sam's utility function is given by U(x 1 , x 2 ) = 8.5 ln( x 1 ) + 5.7ln(x 2 ) where x i

Sam's utility function is given by

U(x1 , x2) = 8.5 ln( x1 ) + 5.7ln(x2)

where xi denotes the quantity consumed of good i, i =1, 2.

Enter below the value of Sam's marginal rate of substitution of good 2 in terms of good 1 at the bundle (point) where x1 = 9.9 and x2 = 8.3.

Answer:

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The correct answer is: 0.800

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