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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 72 times)

melina_rosy

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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


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mohan

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Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

c


melina_rosy

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

ryansturges

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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