Sarge's utility function is U(X1,X2)= X1*X2. If his marginal rate of substitution (MRS) is 3 and he is currently consuming 12 units of good 1, how many units of good 2 is he consuming? [A] Please put your answers in numerical values with no comma or decimal places.
Sarge's utility function is U(X1,X2)= X1*X2. If his marginal rate of substitution (MRS) is 3 and he is currently consuming 12 units of good 1, how many units of good 2 is he consuming? [A] Please put your answers in numerical values with no comma or decimal places.
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Consumer Choice Theory
Section6.A: Indifference Curve Analysis
Problem 1SQP
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![Sarge's utility function is U(X1,X2)= X1*X2. If his marginal rate of substitution (MRS) is 3 and he is currently consuming 12
units of good 1, how many units of good 2 is he consuming? [A] Please put your answers in numerical values with no
comma or decimal places.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4786cd01-fd3f-40c2-920a-516c0cec469d%2F3c693fb8-a108-4279-aa07-d8a1ffdec1ef%2Ffpb71z_processed.png&w=3840&q=75)
Transcribed Image Text:Sarge's utility function is U(X1,X2)= X1*X2. If his marginal rate of substitution (MRS) is 3 and he is currently consuming 12
units of good 1, how many units of good 2 is he consuming? [A] Please put your answers in numerical values with no
comma or decimal places.
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the work gives 36 but the answer on top says 32. maybe you guys can made an error or am i missing a step?
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