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Business, 11.09.2019 00:20 payshencec21

Aconsumer's preferences are given by the following leontief utility function: u(x, y) = min[1x, 2y] since leontief utility functions are shaped like right angles they are not differentiable. the marginal rate of substitution can take one of two possible values. what are they? (separate your two answers with a comma) suppose for a particular bundle, mu_y = 2. then mu_x = and mrs_xy =

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