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May 27th, 2008, 08:05 PM
#1
Thread Starter
New Member
Differentiation problem
Ok, this is an economics maths question, I'll try my best to explain
U = (x1)^3/4(x2)^3/4
Find the Marginal Rate of Substitution, (basically dx2/dx1), in terms of x1 and x2. (If it makes it easier just x1 and x2 to p and q or whatever else. I have an answer for this part, this is just more of a check to see if it's right.
And also, what does this simplify to:
-3/4(p^-1/4)(q^3/4)
3/4(p^3/4)(q^-1/4)
Thanks.
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