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For each of the following utility functions, find the marginal rate of substitution function, MRS, and plot the indifference curve for which the consumer reaches a utility level of U = 10.
a. u(x1x2)= x1x2
B. u(x1x2)= 2x2
C. u(x1x2)= x1+x2
D. u(x1x2)= min{x1,2x2}
E. u(x1x2)= x2+x21
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What if I were to say this to you? At the end of the term, I'm going to take away points from those students with A's and B's in the course and I will redistribute these points to those students who have C's, D's and F's. This will allow everyone ..
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