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Charlie's utility function is AXB. The price of apples is $1, the price of bananas is $2, and his income is $40. The price

Charlie's utility function is AXB. The price of apples is $1, the price of bananas is $2, and his income is $40. The price of apples increases to $8. What is Charlie's compensating variation from this price change? (Rounded to two decimal places.)

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