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Emily's preferences can be represented by u(x,y) = x /2y /2 . Emily faces prices (Px,Py) = (2,1) and her income is $60. (some formulas

Emily's preferences can be represented by u(x,y) = x /2y /2 . Emily faces prices (Px,Py) = (2,1) and her income is $60. (some formulas in chapter 5 might help)

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