Knowledge of utility and consumer behavior

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Reference no: EM131392920

Using your knowledge of utility and consumer behavior and the data below, show exactly how you would spend your income, on which goods and why. Be sure to calculate the MU/P for good X and good y, and then proceed.

Q MU x MU y

1 90 150

2 84 120

3 80 90

4 60 60

b. At what point do you reach utility maximization? show the exact order that you purchased your goods.

Reference no: EM131392920

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