ity = XY + 3X. If prices of X and Y are Birr 4 and Birr 2 respectively; and if a consumer has an income of Birr 80: Find the consumer equilibrium point. Find value of marginal rate of substitution at equilibrium point

Microeconomics A Contemporary Intro
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ISBN:9781285635101
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Chapter6: Consumer Choice And Demand
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Utility = XY + 3X. If prices of X and Y are Birr 4 and Birr 2 respectively; and if a consumer has an income of Birr 80: Find the consumer equilibrium point. Find value of marginal rate of substitution at equilibrium point
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