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How to find a MRS for three goods.

Consider the Cobb-Douglas utility function U = U(X,Y,Z) for the case of three goods X,Y and Z defined by
U = (X,Y,Z)=(X^1/3).(Y^1/3).(Z^1/3)

What are the marginal utilities and marginal rates of substitution for this utility function?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M948295

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