How many additional units would need to well off
Molly's utility function is U(x, y) = y + 4x1/2. She has 25 units of x and 10 units of y. If her consumption of x is reduced to 0, how many additional units of y would she need in order to be exactly as well off as before?
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If her consumption of x is reduced to 0, how many additional units of y would she need in order to be exactly as well off as before?
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