Question: The utility function ( , ) = ^ 1 / 3 ^ 2 / 3 has an = / 2 . Suppose you are currently

The utility function (,)=^1/3^2/3 has an =/2. Suppose you are currently consuming 6 units of x and 9 units of y. Calculate your current level of utility and MRS. Explain what that MRS means.

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