Ella's Utility Function Is Min{5x, Y}

question 7

Multiple Choice

Ella's utility function is min{5x, y}.If the price of x is $10 and the price of y is $15, how much money would she need to be able to purchase a bundle that she likes as well as the bundle (x, y) = (10, 25) ?

• A)$209
• B)$440
• C)$425
• D)$475
• E)$85

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