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Suppose Utility Is Given by

Question 1

Multiple Choice

Suppose utility is given by Suppose utility is given by And p<sub>x</sub> = 1,I = 10.If y must be purchased in whole units,what is the maximum price this person would pay for that good? A) 1 B) 5 C) 10 D) 20
And px = 1,I = 10.If y must be purchased in whole units,what is the maximum price this person would pay for that good?


A) 1
B) 5
C) 10
D) 20

Correct Answer:

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