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

Question 41

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 $8, and Casper's income is $174, how many units of cocoa will he consume?


A) 9
B) 11
C) 12
D) 23
E) 24

Correct Answer:

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