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    The Marginal Rate of Substitution

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    Please provide a detailed step by step solution for the following problem:

    Find the marginal rate of substitution for the following utility function:

    U=10+In X1+0.8In X2

    Please Word document attached.

    © BrainMass Inc. brainmass.com October 9, 2019, 9:18 pm ad1c9bdddf


    Solution Summary

    The solution answers the question below. The marginal rate of substitution is examined.