Homework Answers
13. mRS=MPx1/MPx2=X2/X1
At optimality MRS=P1/P2
Thus MRS=X2/X1=17/11 —————(1)
Expenditure on X1=P1X1=17X1=561
X1=561/17=33
put in (1)
Then X2=33*17/11=3*17=51
Expenditure on X2=51*11=561
ans is D
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