Rachel has the utility function U(xA.×B) = xAxB where xa is the number of apples, and xBis the number of bananas. Her indifference curve passing through 12 apples and 4 bananas will also pass through the point where she consumes 6 apples and O 6 bananas. O 4 bananas. O 8 bananas. O 12 bananas.
Marginal Rate of Technical Substitution
MRTS reaches a manufacturer when a part of the product is lowered to sustain the manufacturing level when the other part is extended. It is the level of the quantity that is lowered when one extra volume is used, and the output is unchanged.
Preferences and Utility Analysis
Before understanding what is preference and utility analysis, it is very important to understand the terms preference and utility separately.
Q4 please help fast all info is there!
Rachel has the utility function U(xA.×B) = xAxB where xa is the number of apples, and xBis the number of bananas. Her indifference curve passing through 12 apples and 4 bananas will also pass through the point where she consumes 6 apples and
O 6 bananas.
O 4 bananas.
O 8 bananas.
O 12 bananas.
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