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Clara's Utility Function Is U(x, Y)= (X + 2)(y +1)

Question 1

Multiple Choice

Clara's utility function is U(x, y) = (x + 2) (y +1) .If her marginal rate of substitution is -4 and she is consuming 14 units of good x, how many units of good y must she be consuming?


A) 30
B) 68
C) 18
D) 63
E) 9

Correct Answer:

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