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Steve's utility for socks (q1) and other goods (q2) is given by U(q 1 ,q 2 ) =10q 1 0.9 q 2 0.1 The price

Steve's utility for socks (q1) and other goods (q2) is given by U(q₁,q₂) =10q₁^0.9 q₂^0.1

The price of the composite good is=1 and the price of a pair of socks is=2. Steve's income is Y=100. Every year, Steve's mom buys him 20 pairs of socks. How many dollars isthe equivalent variation of the $40 that his mom spends on socks every year?

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