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week 4 apply quiz Answer the question based on the table below showing the marginal utility schedules for product X and product Y for a

week 4 apply quiz

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Answer the question based on the table below showing the marginal utility schedules for product X and product Y for a hypothetical consumer. The price of product X is $4, and the price of product Y is $2. The income of the consumer is $30. Product X Product Y Quantity MUX Quantity MUY 32 28 24 m 16 20 st |in If the consumer buys both product X and product Y. how much will the consumer buy of each in order to maximize utility

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