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A consumer is in equilibrium and is spending income in such a way that the marginal utility of product X is 40 units and that
A consumer is in equilibrium and is spending income in such a way that the marginal utility of product X is 40 units and that of Y is 32 units. If the unit price of X is $5, then the price of Y must be:
- $5 per unit.
- $4 per unit.
- $8 per unit.
- $7 per unit.
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