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    Intermediate Microeconomics Study Set 1
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    Exam 5: Demand-Part A
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    A Consumer Has the Utility Function U(x, Y)= Min{x, 2y}
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A Consumer Has the Utility Function U(x, Y)= Min{x, 2y}

Question 21

Question 21

True/False

A consumer has the utility function U(x, y)= min{x, 2y}.If the price of good x is zero and the price of good y is p, then the consumer's demand function for good y is m/2p.

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