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Suppose the weighted marginal utility for two goods, x and y, at a position of consumer equilibrium is 70. if the price of good x is R10.00 and the relevant marginal utility is 140, what is the price of good y and the relevant marginal utility for good x?
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Would China be considered as pursuing economic policies that resemble a Neo-mercantilist approach to trade? Explain the theoretical and practical relevance of the question within context of the trade theories
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