Micro #2
travis stegallIf the ulitity function is: U=58x1 + 6x2
How many units of x1 is the consumer willing to pay to get 15 more unit of x2? (hint: careful on this one, read it carefully, it is NOT asking you how many units of x2 for one extra unit of x1. Remember how to obtain the opportunity cost of x2 using MRS.)
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