Sarah has the utility function U(X,Y)=x°y•<°, When Sarah consumes X=2 and Y=6 she has a marginal rate of substitution (defined as the willingness to give up Yexchange for X) ofO A. -6О В. -12Ос. - 1/12O D. - 1/6ReactioO dtvMacBook Air80DIIDDF1F2F3F4ESF6F7F8F9F10F11!@2#2$&2478QWYSJZCVMtioncommandcommandoption.. .-L.* 00BR A consumer has $200 per month to be speht on books (good B) and DVDS (goodD).11-Market prices are as follows:10-P3 = $40 and P, = $20.9-Use the line drawing tool to plot this consumer's budget constraint. Label this line"Budget'.7Carefully follow the instructions above, and only draw the required object.Given this data, what is the marginal rate of transformation?4-MRT = (Enter your answer as a real number rounded to two decimal places.3-Be sure to include the minus sign)1-0-BooksReactiontvMacBook Air80DIIDDF1F2F3F4F5F6F7F8F9F10F11@#&*)134789.QWTYU{АSFHJKCVNtioncommandcommandoption.. .-VDVDS

Since you have posted multiple questions, we will solve the first one for you. If you want any…

Sarah has the utility function U(X,Y)=X°Y<°, When Sarah consumes X=2 and Y=6 she has a marginal rate of substitution (defined as the willingness to give up exchange for X) of ... OA. -6 B. - 12 OC. - 1/12 D. - 1/6

Sarah has the utility function U(X,Y)=X°Y<°, When Sarah consumes X=2 and Y=6 she has a marginal rate of substitution (defined as the willingness to give up exchange for X) of ... OA. -6 B. - 12 OC. - 1/12 D. - 1/6

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Sarah has the utility function U(X,Y)=x°y•<°, When Sarah consumes X=2 and Y=6 she has a marginal rate of substitution (defined as the willingness to give up Y
exchange for X) of
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О В. -12
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A consumer has $200 per month to be speht on books (good B) and DVDS (good
D).
11-
Market prices are as follows:
10-
P3 = $40 and P, = $20.
9-
Use the line drawing tool to plot this consumer's budget constraint. Label this line
"Budget'.
7
Carefully follow the instructions above, and only draw the required object.
Given this data, what is the marginal rate of transformation?
4-
MRT = (Enter your answer as a real number rounded to two decimal places.
3-
Be sure to include the minus sign)
1-
0-
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