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

Question 75

Question 75

Multiple Choice

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.

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