1. Alesandro purchases two goods, X and Y, and the utility gained for the last unit purchased...

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1. Alesandro purchases two goods, X and Y, and the utility gained for the last unit purchased of each is 16 utils and 23 utils, respectively. The prices of X and Y are $1 and $1.75, respectively. Is Alesandro in consumer equilibrium? Explain your answer.

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Microeconomics

ISBN: 9780324785494

9th Edition

Authors: Roger A. Arnold

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