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4) When a consumer is in equilibrium MRSxy is 2.5. If the price of commodity Y is 16, then what will be the price of

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4) When a consumer is in equilibrium MRSxy is 2.5. If the price of commodity Y is 16, then what will be the price of commodity X? 5 5) Explain, with an intuitive example, why a firm's marginal cost curve overlaps its supply curve in perfect competition? 5

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