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A pensioner's income Is We3500 This person consumes two goods, which we will denote by a and y. and has utility function Ujoy-defy'd there 's
A pensioner's income Is We3500 This person consumes two goods, which we will denote by a and y. and has utility function Ujoy-defy'd there 's mean to the power of al Prices for these goods are Px -1 and Py-5, respectively. Suppose that prices choice to PY-2 and PY-5. What Is the acerit's adjusted Income if the Social Security administration wants to make a COLA (Cost of living ajustment) that insintaing the agent's welfare constant? 0 5117 78
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