Answer to Question #64013 in Other Economics for Faisal

Question #64013
Question 01 Use the following hypothetical table to analyze a consumer behavior: Good X Good Y Unit Consumed Price/ unit ($) PX Total Utility (TUX) Marginal Utility (MUX) MUX/PX MUY/PY Marginal Utility (MUY) Total Utility (TUY) Price/ Unit ($), PY Unit Consumed 1 5 40 40 8 10 10 2 1 2 4 60 6 16 2 2 4 3 90 15 22 2 3 5 2 95 27 2 4 a. Fill up gaps for marginal utilities and marginal utility per additional dollar for good x and good y in the above table. b. Find consumer equilibrium and interpret the meaning of the equilibrium condition Kindly explain please
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