Question: The consumers utility function is given by U(X,Y) = MIN(X, 4Y), and the given bundle is X = 3 and Y = 1. i) MRS

The consumers utility function is given by U(X,Y) = MIN(X, 4Y), and the given bundle is X = 3 and Y = 1.
i) MRS =
ii) Draw your graph in this space:

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