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Suppose the Potter family has $400,000 to spend on a house and other goods (denominated in dollars). The price of 1 square foot of housing

Suppose the Potter family has $400,000 to spend on a house and "other goods" (denominated in dollars). The price of 1 square foot of housing is $100, and the family chooses to purchase their optimally sized house at 2,000 square feet. Assume throughout that they spend money on housing solely for its consumption value (and not as part of your investment strat- egy)

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