Is the mrs diminishing, asume that Bob consumes goods x and

Is the mrs diminishing

Reference no: EM13179394

asume that Bob consumes goods x and y according to the following utility function, U (x,y) = 2x + 4xy + y

compute Bob's marginal rate of substitution for good x and for good y. Is the MRS diminishing?

Reference no: EM13179394

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