Business, 15.04.2020 23:07, reticentrobbie

Alex has allocated his income in such a way that the marginal utility of the last unit of product X he consumes is 40 utils and that of the last unit of Y is 16 utils. If the unit price of X is $5, then the price of Y must beA. $1 per unit. B. $2 per unit. C. $3 per unit. D. $4 per unit.

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Alex has allocated his income in such a way that the marginal utility of the last unit of product X...