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pirex pirex
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6 years ago
Suppose Joe's utility for lobster (L) and soda (S) can be represented as U = L0.5 S0.5. Draw the indifference curve that yields a utility level of 9. Calculate the MUL, MUS, and MRS of L for S on that indifference curve when S = 3.
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Microeconomics

Microeconomics


Edition: 6th
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ChronosChronos
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6 years ago
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pirex Author
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6 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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Helped a lot
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