Let U(x,y) = 
with MUx = 
and MUy = 
.Let I = $100,Px = $25 and Py = $10 be the initial set of prices and income.Now,let Px fall to $10.What is the approximate compensating variation for this change in prices?
Definitions:
Immediate Success
The rapid achievement of a goal or attainment of positive results shortly after efforts are made.
Prosocial Manner
Behaving in a way that is positive, helpful, and intended to promote social acceptance and friendship.
Free Will
The ability of individuals to make choices that are not determined by prior causes or by divine intervention.
Absolute Free Will
The concept that individuals have complete control over their actions and decisions, without any constraints from fate, destiny, or predetermination.
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