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A consumer has the utility function U(X,Y)=min(4X, 7Y) and $187 to spend.The price of X = $5, and the price of Y = $1.Calculate the

A consumer has the utility function

U(X,Y)=min(4X, 7Y)

and $187 to spend.The price of X = $5, and the price of Y = $1.Calculate the equivalent variation when the price of X changes to $7.Round your answer to two decimal places.

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