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Suppose that, given the consumption bundle x = 5 and y = 6, a consumer's MRS is equal (in absolute value) to 0.5. The price

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Suppose that, given the consumption bundle x = 5 and y = 6, a consumer's MRS is equal (in absolute value) to 0.5. The price of x is $1 and the price of good y is $1, and the bundle x = 5 and y = 6 uses up all the consumers income. The consumer's preferences are strictly convex. Which of the following is TRUE? ,x In order to consume the optimal bundle, the consumer should buy more x and 1 less y. ,x There is insufficient information to determine what the consumer should do to '1 consume the optimal bundle. In order to consume the optimal bundle, the consumer should buy more y and 1 less x. The bundle x = 5 and and y = 6 is the optimal bundle

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