At a consumer optimum involving goods X and Y, the marginal utility of good X equals 3

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At a consumer optimum involving goods X and Y, the marginal utility of good X equals 3 utils. The price of good Y is three times the price of good X. What is the marginal utility of good Y?

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Economics Today

ISBN: 978-0132554619

16th edition

Authors: Roger LeRoy Miller

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Question Posted: Aug 01, 2016 12:47 PM

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At a consumer optimum involving goods X and Y, the marginal utility of good X equals 3

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The marginal utility of good Y is 9 utils considering consumer optimum involving good...View the full answer

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