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Benoit's Preferences Are Given by the Utility Function U(x,y)= 10x

question 18

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Benoit's preferences are given by the utility function U(x,y) = 10x + 5y. He consumes 10 units of good x and 9 units of good y. If he consumes only one unit of x, how many units of y must he consume in order to be as well off as before?


Definitions:

Temporal Lobe

A region of the cerebral cortex involved in processing auditory information and encoding memory.

Tympanic Membrane

Also known as the eardrum, a thin membrane that divides the external ear from the middle ear and vibrates in response to sound waves.

Internal Auditory Meatus

A canal in the temporal bone of the skull, through which the facial and vestibulocochlear nerves travel to the inner ear.

Oval Window

A membrane-covered opening that leads from the middle ear to the vestibule of the inner ear and is involved in transmitting sound vibrations.

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