My Utility Is Given By U Xi X2 2×10 1×21 2 In X Min Xl X2 2 2×2 X11 1 True False Or 3290677

My utility is given by u(XI, X2)-2×10.1×21.2 + In(x) + [min(xl+ X2)]2 + 2×2 + x11.1. True, False, or Cannot Be Determined: When P1 = $2, P2-$4, and I consumption bundle is (x.xj) = (25, 15). 9. $100, my optimal 10. If u(x1, x2)-4xix2, what is the value of MRS(2, 8)? (Don’t forget to include the minus sign when entering your answer!)

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Prof. Angela

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