What is the mrs and derive the demand function for good
A consumer has a utility function of the form U=2xy.The price of of good X is p and the price of Y is 1. let m denote income.What is the MRs and derive the demand function for good X and for goodY.
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A consumer has a utility function of the form U=2xy.The price of of good X is p and the price of Y is 1. let m denote income. What is the MRs and derive the demand function for good X and for good Y.
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