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Suppose That the Marginal Utility of Good X and Good

Question 21

Essay

Suppose that the marginal utility of good X and good Y is given by the following equations:
MUX = 1/(X + 10)
MUY = 1/Y Suppose that the marginal utility of good X and good Y is given by the following equations: MU<sub>X</sub> = 1/(X + 10) MU<sub>Y</sub> = 1/Y

Correct Answer:

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a. Utility increases as more units of go...

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