Question: The consumers utility function is given by U(X,Y) = X1/2*Y1/2, and the given bundle is X = 4 and Y = 16. i) MRS =

The consumers utility function is given by U(X,Y) = X1/2*Y1/2, and the given bundle is X = 4 and Y = 16. i) MRS = __________________________________________________ ii) For this graph, scale each axis up to 64. Do not go above 64 on either axis. Draw your graph in this space:

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