For the Utility Function U(X,Y) = X⁰

question 101

Multiple Choice

For the utility function U(X,Y) = X^0.5Y^0.5, the marginal rate of substitution MRS_XY is:

• A) 0.5Y/X.
• B) 0.5X/Y.
• C) X/Y.
• D) Y/X.

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A measure of how quickly an operation or process is performed or completed.

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pertains to established theories and practices that have been accepted over time, particularly in arts, literature, or within scientific and philosophical fields.

Contextual Variables

External and internal factors that can influence the performance and behavior of individuals or organizations, including economic, social, and technological factors.

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