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Kwabena's utility function is U [q1 ,q2} = min (q1,q2} The price of each good is $1, and his monthly income is $2,000. His rm
Kwabena's utility function is U [q1 ,q2} = min (q1,q2} The price of each good is $1, and his monthly income is $2,000. His rm wants him to relocate to another city where the price of q2 is $15, but the price olq1 and his income remain constant. Obviously, he would be worse off due to the move. What would be his equivalent variation? Kwabena's equivalent variation would be $ . (Enter your response as an integer.)
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