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In Problem 2, Clara's Utility Function Is U(X, Y) =

Question 27

Multiple Choice

In Problem 2, Clara's utility function is U(X, Y) = (X + 2) (Y + 1) . If Clara's marginal rate of substitution is -2 and she is consuming 10 units of good X, how many units of good Y is she consuming?


A) 2
B) 24
C) 12
D) 23
E) 5

Correct Answer:

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