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Given the following marginal utility schedule for good X and good Y for an individual A, given that the price of X and the

  

Given the following marginal utility schedule for good X and good Y for an individual A, given that the price of X and the price of Y are both $10, and that the individual spends all his income of $70 on X and Y, Qx MUX 2 3 11 9 Qy 6 5 MUY 12 9 1 15 48 4 6 3 36 6 5 425 6312 1. Provide the slope of the budget line 2. Estimate the MRS at the optimum 110- 7 3. Indicate how much of X and Y the individual should purchase to maximize utility.

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