What is the marginal rate of substitution for U = 0.25ln(F) + 0.75ln(X)? Find the values...

Question

Question

What is the marginal rate of substitution for U = 0.25*ln(F) + 0.75*ln(X)?

Find the values of F and X with a budget constraint of 560 = F + X

business economics

Answer 1

Answer #1

Date TTT V = 0.25 l (F) t 0.75 ln(x) mux - l = 0.75 At optimal point , MOE 0225 1 - 1 - 0.25% 0.75F -1 0.75 X F 0.75 0.25 - 3

Answer 2

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What is the marginal rate of substitution for U = 0.25*ln(F) + 0.75*ln(X)? Find the values...