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05-06-2023
Business

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Let the marginal utility of good X be 7 and let the marginal utility of good Y be 10 . The price of good X is $2 and the price of good Y is $4. Which of the following is true? The consumer is receiving more marginal utility per dollar for good Y than for goodX. The consumer can increase utility by giving up 2 units of good X for 1 unit of good Y. The consumer is maximizing utility. The consumer can increase utility by giving up 1 unit of good Y for 2 units of goodX.

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