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

Question 12

Multiple Choice

Clara's utility function is U(X, Y) = (X + 2) (Y + 1) .If Clara's marginal rate of substitution is -4 and she is consuming 10 units of good X, how many units of good Y is she consuming?


A) 48
B) 14
C) 4
D) 47
E) 9

Correct Answer:

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