Multiple Choice
Ella's utility function is min{5x, y}.If the price of x is $10 and the price of y is $15, how much money would she need to be able to purchase a bundle that she likes as well as the bundle (x, y) = (10, 25) ?
A) $209
B) $440
C) $425
D) $475
E) $85
Correct Answer:
Verified
Correct Answer:
Verified
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