Ivy claims that if a consumer is maximizing utility and happens to be purchasing equal quantities of good X and good Y, the MRS_XY must equal 1. Prove this claim incorrect by drawing an appropriate budget constraint and indifference curve.

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The Answer of Ivy claims that if a consumer is maximizing utility and happens to be purchasing equal quantities of good X and good Y, the MRS_XY must equal 1. Prove this claim incorrect by drawing an appropriate budget constraint and indifference curve.

Ivy Claims That If a Consumer Is Maximizing Utility and Happens