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2.At the bundle (x, y) = (2, 4), what is the MRS of the utility function...

2.At the bundle (x, y) = (2, 4), what is the MRS of the utility function U = 3x + 4y?

1.You currently have (x, y) = (4, 1) and your utility function is U = min{x, 4y}. How many units of x are you willing to give up to get another unit of y?

3. You are currently at the bundle (x, y) = (4, 2) with a utility function U = (3/4) ln(x) + (1/4)ln(y). I offer you one additional unit of x for 2 units of y. Do you make the trade with me? Explain

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