Alessandro purchases two goods, X and Y, and the utility gained for the last unit purchased of
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Alessandro purchases two goods, X and Y, and the utility gained for the last unit purchased of each is 16 utils and 23 utils, respectively. The prices of X and Y are \($1\) and \($1.75,\) respectively. Is Alessandro in consumer equilibrium? Explain your answer.
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Alessandro is not in the consumer equilibrium becaus...View the full answer
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