Given the utility function U = x/²x/2 find a general expression for MRCS in terms of x₁ and x₂.

Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
Publisher:NICHOLSON
Chapter3: Preferences And Utility
Section: Chapter Questions
Problem 3.13P
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Given the utility function
1/2 1/2
U = x₁x₂find a general expression for MRCS in terms of x₁ and x₂.
Transcribed Image Text:Given the utility function 1/2 1/2 U = x₁x₂find a general expression for MRCS in terms of x₁ and x₂.
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