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Microeconomic Theory

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter4: Utility Maximization And Choice

Section: Chapter Questions

Problem 4.12P

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Question

Suppose a consumer's utility is given by: u (x1, x2) = a/xT + b/x2
Where a= 8, and b = 4
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What is the value of MU1 (x1, X2)when x1=9 and x2=8.
(Note: The answer may not be a whole number, so round to the nearest hundredth)
(Note: The numbers may change between questions, so read carefully)

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