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Wanda Littlemore's Utility Function Is U(x, Y) = X

Question 38

Multiple Choice

Wanda Littlemore's utility function is U(x, y) = x + 47y - 3y2. Her income is $107. If the price of x is $1 and the price of y is $23, how many units of good x will Wanda demand?


A) 11
B) 19
C) 0
D) 18
E) 15

Correct Answer:

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