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Larry's utility function is U = 4X + 12Y. Which property of consumer preferences does Larry's utility function violate? Explain your answer.

Larry's utility function is U = 4X + 12Y. Which property of consumer preferences does Larry's utility function violate? Explain your answer.

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Larrys utility function violates the diminishing marginal rate of substitution MRS Lets break i... blur-text-image

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