San Francisco State University

2251 ECON 301 01Z J1 1027 Quiz 3 (1% of Course Grade) Chapter 4 Utility

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Consider a perfect substitute utility function U(x1, x2)=4x1+10x2. Derive the MRS of this utility function for consumption bundle (x1=4, x2=7). Round your answer to the nearest 0.01.

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