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Suppose that utility function is given by U(X,Y)=4X^2+3Y^2. If X=1 and Y=2, which of the following statements is correct about utility. Utility is 16 Utility

Suppose that utility function is given by U(X,Y)=4X^2+3Y^2. If X=1 and Y=2, which of the following statements is correct about utility. Utility is 16 Utility is 3 Utility is 18 Utility is 0 None of the above

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