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You know a consumer with positive income who consumes two goods that have non-zero prices, you also know that this consumer has a utility function
You know a consumer with positive income who consumes two goods that have non-zero prices, you also know that this consumer has a utility function that falls into one of the four classifications that we covered in class. at the consumer's current consumption bundle, their mux/muy>px/py. explain whether or not this consumer could be at their optimal consumption bundle. consider each type of utility function separately.
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