avree1350 avree1350
  • 16-02-2024
  • Mathematics
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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 this income to buy 6 units of y and no x. From these facts we can tell that the price of x must be at least how much? Explain your answer and draw a diagram to illustrate it.

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