Ask
your own question, for FREE!
Mathematics
4 Online
OpenStudy (anonymous):
Seem to have completely forgotten how to do MRS. Can anyone help? Carol lives for two-periods. Her utility from consumption in periods 1 and 2 is given by U(C1, C2) = (C1^α)(C2^(1−α), where 0.5 ≤ α ≤ 1. She has income of Y1 and Y2 in periods 1 and 2, respectively, and no initial wealth. What is her MRS between first and second period?
Can't find your answer?
Make a FREE account and ask your own questions, OR help others and earn volunteer hours!
Join our real-time social learning platform and learn together with your friends!
Join our real-time social learning platform and learn together with your friends!
Latest Questions
Bounty:
first poem in a min- (tittle)? one moment i'm fine I smile till my face burns I laugh till I cant breath Then I cry I wonder where I went wrong I listen to
Twaylor:
3d printing a glider (for 150 pound 5'8 person - prolly should make it for up to
cullenn:
pitter patter sound of rain gently tapping my window tonight. calming, soothing, right? not for me.
Arriyanalol:
DON'T BUY TICKETS TO SEAWORLD i watched a documentary on seaworld and its sad wha
natalieee:
who else wants a job in biology? I love biomedical science and want to work with
Twaylor:
Time flies doesn't it? I tried to not be the second squeaky wheel of the household and ended up hurting myself and others severely.
clllaaaaaire:
any tips? the quality isn't the best because I am using this site on my computer
Bounty:
first poem in a min- (tittle)? one moment i'm fine I smile till my face burns I laugh till I cant breath Then I cry I wonder where I went wrong I listen to
15 minutes ago
3 Replies
1 Medal
Twaylor:
3d printing a glider (for 150 pound 5'8 person - prolly should make it for up to
23 hours ago
5 Replies
0 Medals
cullenn:
pitter patter sound of rain gently tapping my window tonight. calming, soothing, right? not for me.
1 day ago
2 Replies
0 Medals
Arriyanalol:
DON'T BUY TICKETS TO SEAWORLD i watched a documentary on seaworld and its sad wha
1 week ago
2 Replies
1 Medal
natalieee:
who else wants a job in biology? I love biomedical science and want to work with
2 weeks ago
9 Replies
0 Medals
Twaylor:
Time flies doesn't it? I tried to not be the second squeaky wheel of the household and ended up hurting myself and others severely.
2 weeks ago
12 Replies
2 Medals
clllaaaaaire:
any tips? the quality isn't the best because I am using this site on my computer
1 month ago
2 Replies
0 Medals