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Ezra's utility function is U = XY, where MUX = Y and MUY = X. In Lancaster, Pennsylvania, Ezra's income would equal $500, and the prices of good X and good Y are $5 and $5, respectively. In Washington, D.C., Ezra's income would equal $800, and the prices of good X and good Y are $8 and $10, respectively. Where should Ezra live? Show your work.
Treasury Bonds
Long-term government securities issued with a fixed interest rate and maturity of generally more than 10 years.
Brokerage Commission
The charge imposed by a broker for conducting trades or offering specific services.
Interest Revenue
Income earned from lending funds or depositing funds in interest-bearing accounts, often reported as part of non-operating income.
Accrued Interest
Interest that has been earned but not yet received or recorded.
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