intermediate microeconomics - marginal utility and MRS Marginal Utility •Suppose that an individual has a utility function of the form utility = U(x,y) •The total differential of U is sum of pa... 05:25
Intermediate microeconomics - indifference curve and marginal rate of substituition An indifference curve shows a set of consumption bundles among which the individual is indifferent Marginal Rate of Substitu... 05:09