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What exactly will be the level of utility at equilibrium

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The price of good X is $2. The price of good Y is $6. You have income of $30. In the case where you prefer to consume X, what will your indifference map look like? Give a numeric example of how much of the two goods you will consume in equilibrium. What will be the ratio of the marginal utilities of these two goods? What exactly will be the level of your utility at equilibrium?

Reference no: EM13945780

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