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    Question

    Consider A’s utility function to be

    U(x,y)=(min{X,Y})1/2, the price of good X is Rs.2 and price of good Y is Rs.1. Calculate the total Utility of A if her income is Rs.60
    A 3.67 Correct Answer Incorrect Answer
    B 4.47 Correct Answer Incorrect Answer
    C 5.27 Correct Answer Incorrect Answer
    D 4.20 Correct Answer Incorrect Answer

    Solution

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