Sarah has the utility function U(X,Y) = X.5Y.25. When Sarah ...

[melina_rosy]

Sarah has the utility function U(X,Y) = X.5Y.25. When Sarah consumes X = 2 and Y = 6 she has a marginal rate of substitution of
 
  A) -12.
  B) -1/6.
  C) -6.
  D) -1/12.

Question 2

A major source of revenues for state and local governments is _____.
 
  a. income taxes
  b. payroll taxes
  c. intergovernmental revenues
   d. estate taxation

[mohan]

Answer to Question 1

C

Answer to Question 2

c

[melina_rosy]

Great answer, keep it coming

[xiaomengxian]

Thanks for the timely response, appreciate it