given the utility function : U(x,y)=x(y+1) where the price of x is $20 and the price of y is $10 and the income being $100, how does one find the maximizing utility bundle? ( please show the steps for deriving the MRS)
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given the utility function : U(x,y)=x(y+1) where the price of x is $20 and the price of y is $10 and the income being $100, how does one find the maximizing utility bundle? ( please show the steps for deriving the MRS)
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