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Utility maximization point

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Reference no: EM132022464

Kathy's utility function is U = 4X + 3Y. Kathy has $180 to spend on goods X and Y. The price of good X is $6 and the price of good Y is $4. To maximize utility, Kathy should consume units of good X and  units of good Y and will be receiving utils of satisfaction. At this utility maximization point, MRS  Px/Py (enter one of the following symbols: > or < or =).

Reference no: EM132022464

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