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Simon's utility is u(x, y) = (x 1)(y 2). He faces prices px = 2 and py = 1 and has income I = 4.

Simon's utility is u(x, y) = (x 1)(y 2). He faces prices px = 2 and py = 1 and has income I = 4. What is u(x , y ) (his utility at his demanded point)?

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