Harry Mazzola has the utility function U(x1,x2) = min{x1+2x2 , 2x1+x2}, if x1>x2, the MRS is?...

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Question

Harry Mazzola has the utility function U(x1,x2) = min{x1+2x2 , 2x1+x2}, if x1>x2, the MRS is?

I know the answer is -1/2 but don't know how to get to that

business economics

Answer 1

Answer #1

Answer 2

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