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V 1st attempt Greg has the following utility function: u = x1 x2 .0.75 9.25. He has an income of $80.00, and he faces these

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V 1st attempt Greg has the following utility function: u = x1 x2 .0.75 9.25. He has an income of $80.00, and he faces these prices: (P1, p2) = (2.00, 3.00). Suppose that the price of a 1 increases by $1.00. Calculate the equivalent variation for this price change. * $ 4.96

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