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QUESTION

Suppose that the marginal utility of good X and good Y is given by the following equations:

1.     Suppose that the marginal utility of good X and good Y is given by the following equations:

        MUX = 1/(X + 10)       MUY = 1/Y

a)     As more units of good X are consumed, what happens to utility and marginal utility of good X?

                                                                                                                                                                                                        1 point

What is MRSXY?

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