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The utility function is U=f(x, y) MUX = 5 and MUY = 2 The budget constraint is I=P x x+P y y Explain, using the

The utility function is U=f(x, y)

MUX = 5 and MUY = 2

The budget constraint is I=P_xx+P_yy

Explain, using the arbitrage argument, what has to be true about P_xrelative to P_y to make the optimal consumption x= 0 and y= 1/P_y

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