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Unformatted text preview: 3) Income = $240.00 Price of X = $2.00 Price of Y = $2.00 Say Jane's income increases to $240.00, what is the utility maximizing combination of X and Y 4) When the price of both goods is equal would Jane purchase more of one good over the oth information in the table to justify your answer. MU/P Y? Y? her? Use the...
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- Spring '09
- Microeconomics, Harshad number, $2.00, $4.00, $200.00, $240.00