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7. (ch4) A consumer is consuming a bundle of goods in which her MRSxy is greater than Px /Py. Is the consumer maximizing utility? If

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7. (ch4) A consumer is consuming a bundle of goods in which her MRSxy is greater than Px /Py. Is the consumer maximizing utility? If not, what should she do to maximize utility? Explain in detail for full credits. (hint: the marginal utility of a good X per dollar spent vs. the marginal utility of a good Y per dollar spent)

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