Suppose that marginal utility of Good X = 100, the price of X is $10 per unit,
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Suppose that marginal utility of Good X = 100, the price of X is $10 per unit, and the price of Y is $5 per unit. Assuming that the consumer is in equilibrium and is consuming both X and Y, what must the marginal utility of Y be?
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Related Book For
Microeconomics A Contemporary Introduction
ISBN: 9781305505537
11th Edition
Authors: William A. McEachern
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