STSTEER

Marginal Rate of Substitution

Computing the marginal rate of substitution between two goods for a Cobb-Douglas utility.

Question template

An environmental economist is analyzing the trade-off between investing in carbon capture technologies and promoting sustainable agriculture practices. Their utility function for these two activities is utility function. What is the marginal rate of substitution between the two activities? Answer with the ordered pair (MU_x/MU_y, MU_y/MU_x), where MU_x and MU_y are the marginal utilities of x and y (x, y > 0).

Use it

from datasets import load_dataset
ds = load_dataset("narunraman/steer_me", "mrs_utility")