I am just wondering how this equation comes to be: it is from an economics problem involving marginal utilities. I have my two variables, $x$ and $y$.
Intuitively, how does $$\frac{0.5\times x^{-0.5}\times y^{0.5}}{0.5\times x^{0.5}\times y^{-0.5}}= \frac{y}{x}?$$
I'm guessing that the $0.5$ and $(1/2)$ both cancel out, but I am not sure what happens next.
Thank you!
Hint: $\frac{x^{-0.5}}{x^{0.5}}=x^{-0.5-0.5}=x^{-1}=\frac{1}{x}$ and $\frac{y^{0.5}}{y^{-0.5}}=y^{0.5-(-0.5)}=y^{0.5+0.5}=y^1=y$