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A consumer consumes goods X and Y. Given below is his marginal utility schedule for goods X and Y. Suppose, the price of X

A consumer consumes goods X and Y. Given below is his marginal utility schedule for goods X and Y. Suppose, the price of X is Rs.2, Y is Rs.1 and income Rs. 12. State the law of Equimarginal utility and explain how the consumer will attain equilibrium. Units1 2 3 4 56 MUX 1614121086 MUY 11109 8 76

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