Given the utility function U(x₁,x₂)= min(x₁,x₂), the marginal rate of substitution when x₁exceeds X₂is: A)undefined. B)one. C)zero. D)infinite.

Name: Given the utility function U(x 1 ,x 2 )= min(x 1 ,x 2 ), the marginal rate of substitution when x 1 exceeds X 2 is: A)undefined. B)one. C)zero. D)infinite.
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The Answer of Given the utility function U(x₁,x₂)= min(x₁,x₂), the marginal rate of substitution when x₁exceeds X₂is: A)undefined. B)one. C)zero. D)infinite.

Given the Utility Function U(x1,x2)= Min(x1,x2), the Marginal Rate of Substitution

Given the Utility Function U(x₁,x₂)= Min(x₁,x₂), the Marginal Rate of Substitution