Business, 14.02.2020 01:47, HtetPaing9358

Linda consumes two goods: x and y, has preferences that are smooth and maximizers are always interior, and income W=$150. If px=$25 and py=$5, what is the marginal rate of transformation of y into x (MRTxy) at her optimal bundle?

a. -1/2
b. -5
c. 1/5
d. -3
e. 7/2

Answers: 1

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Linda consumes two goods: x and y, has preferences that are smooth and maximizers are always interio...