Author Question: Sarah has the utility function U(X,Y) = X.5Y.25. When Sarah consumes X = 2 and Y = 6 she has a ... (Read 86 times)

melina_rosy · **on:** Jul 1, 2018

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