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Can you help and please show every step. If the utility function is given by U(x, y) = r + 2y and Pz/Py = 1,
Can you help and please show every step.
If the utility function is given by U(x, y) = r + 2y and Pz/Py = 1, the indirect utility is given by (a) 1/PI (b) 1/(PI + 2py) (c) 21 /Py (d) 21/(Pz + Pz)Step by Step Solution
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