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    Business
  3. Study Set
    Intermediate Microeconomics
  4. Exam
    Exam 3: Utility
  5. Question
    Henrietta's Utility Function Is U(x<sub>1</sub>, X<sub>2</sub>) = X<sub>1</sub>x<sub>2</sub>
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Henrietta's Utility Function Is U(x1, X2) = X1x2

Question 27

Question 27

True/False

Henrietta's utility function is U(x1, x2) = x1x2. She has diminishing marginal rate of substitution between goods 1 and 2.

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