In Problem 2, Clara's Utility Function Is U(X, Y) =

question 4

Multiple Choice

In Problem 2, Clara's utility function is U(X, Y) = (X + 2) (Y + 1) . If Clara's marginal rate of substitution is -4 and she is consuming 10 units of good X, how many units of good Y is she consuming?

• A) 48
• B) 14
• C) 4
• D) 47
• E) 9

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Definitions:

Urban Revitalization

Efforts and initiatives aimed at improving the economic, physical, and social conditions of city areas that have undergone decline.

Gay Populations

Communities or groups comprising individuals who identify as gay, focusing on their social, health, and rights issues.

Housing Prices

The financial cost required to purchase residential properties, which can fluctuate based on location, economic conditions, and demand.

Urban Pioneer

Refers to individuals or families who move into urban neighborhoods that are considered deteriorating or less desirable, often with the aim of renovating properties and revitalizing the area.