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A consumer’s utility function is: U = 20 XY Where U is the consumer’s utility, X is the amount of good X consumed per month, and Y is the amount of good Y consumed per month (a ) If the consumer is consuming 5 units of good Y per month, what is the marginal utility of good X? (b ) Can you answer question (a ) without knowing how many units of good X the consumer is consuming? ( c ) Is this utility function realistic? What “law” does it violate?
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