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Suppose that a consumer has a choice between two goods

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Reference no: EM13325924

Suppose that a consumer has a choice between two goods, X and Y. If the price of X is $2 and the price of Y is $3, how much of X and Y does the consumer purchase, given and income of $17? Use the following information about marginal utility?

Units MUx MUy

1 10 5

2 8 4

3 2 3

4 2 2

5 1 2

Reference no: EM13325924

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