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Kyra, a vegan, regularly consumes apples and bananas. Her utility function is (, ) = where xA and xB denotes consumption for apples and bananas,
Kyra, a vegan, regularly consumes apples and bananas. Her utility function is (, ) = where xA and xB denotes consumption for apples and bananas, respectively. The unit price per apple is R1 and per banana is R2, while Kyra's income allocation is R40 a day. The price per banana suddenly falls to R1.
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