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M y Quantity of y K _2 N 0 X Quantity of x Question 25/25 Refer to the above diagram where xy is the relevant

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M y Quantity of y K _2 N 0 X Quantity of x Question 25/25 Refer to the above diagram where xy is the relevant budget line and 11 12 and 13 are indifference curves. At point MUX = MUY MRS - Px/Py. 3 MRS = py/Px 1. Px exceeds Py

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