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      Question

      Consider the following Utility function U(x,y) = 4x+5y.

      The price of x and y are 5 and 6 respectively. The income of the consumer is 120. Calculate the maximum utility given the budget constraint
      A 96 Correct Answer Incorrect Answer
      B 100 Correct Answer Incorrect Answer
      C 120 Correct Answer Incorrect Answer
      D 80 Correct Answer Incorrect Answer

      Solution

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