What is her marginal rate of substitution

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Alice is an excellent statistician and is very precise. In fact, she knows that one of her indifference curves is precisely described by the following equation x2 = 20 − 4 √ x1 . If Alice chooses the bundle (x1, x2) = (4, 12), what is her marginal rate of substitution?

Reference no: EM131425972

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