Jon is indifferent between canned soup (q1) and fresh soup (q2). He simply wants to consume the most soup servings possible. Canned soup sells for $1 per serving and fresh soup sells for $2 per serving. What is the utility function representing his preferences for these two kinds of soup? What is the Marginal Rate of Substitution? U(q1q2)=−q1+q2 or any function aq1+aq2 MRS = −1

Q&A Education