For each of the following situations, i) Find the Marginal Rate of Substitution at the given bundle, and ii) use a graph to indicate the given bundle, and accurately draw the indifferences curve that goes through that bundle. Be sure to label the graph accurately.
The consumer utility function of a consumer is given by: u(x,y) = x1/2 y1/2 , and the given bundle is X=16 and Y=4