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Business, 12.06.2021 20:50 texas101st78
Elmer’s utility function is U(x, y) = min{x, y2}. If the price of x is $25 and the price of y is $15 and if Elmer chooses to consume 7 units of y, what must his income be? a.
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Elmer’s utility function is U(x, y) = min{x, y2}. If the price of x is $25 and the price of y is $15...
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