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Please show all steps including algebra. Thank You! If the utility function is given by U(x, y) = r + 2y and Pz/Py = 1,

Please show all steps including algebra. Thank You!

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)

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