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Josephine's Utility Function Is U(x, Y)= Y + 5x

Question 16

Multiple Choice

Josephine's utility function is U(x, y) = y + 5x.5.She has 1 unit of x and 2 units of y.If her consumption of x is reduced to zero, how much y must she have in order to be exactly as well off as before?


A) 14 units
B) 9 units
C) 11 units
D) 7 units
E) None of the above.

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