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Les Has the Utility Function U(x, Y)= (X + 1)(y

Question 59

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Les has the utility function U(x, y)= (x + 1)(y + 4).The price of y is $1.Les spends all of his income to buy 6 units of y and no x.What must the price of x be? Explain your answer and draw a diagram to illustrate it.

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The price of x must be at leas...

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