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Henri's Utility Function Is Min{x, 5y + 2z}

Question 37

Multiple Choice

Henri's utility function is min{x, 5y + 2z}. The price of x is $1, the price of y is $15, and the price of z is $7. Henri's income is $44. How many units of x does Henri demand?


A) 9.78
B) 11
C) 5
D) 3
E) None of the above.

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