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Casper's Utility Function Is 3x + Y, Where X Is

Question 22

Multiple Choice

Casper's utility function is 3x + y, where x is his consumption of cocoa and y is his consumption of cheese.If the total cost of x units of cocoa is x2, the price of cheese is $10, and Casper's income is $260, how many units of cocoa will he consume?


A) 12
B) 15
C) 29
D) 14
E) 30

Correct Answer:

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