Multiple Choice
Ella's utility function is min{5x, y}.If the price of x is $20 and the price of y is $20, how much money would she need to be able to purchase a bundle that she likes as well as the bundle (x, y) = (7, 15) ?
A) $440
B) $360
C) $177
D) $372
E) $72
Correct Answer:
Verified
Correct Answer:
Verified
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