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# Peter has a utility function U(x, y) = min {2x, y}. The price of good x...

## Question

###### Peter has a utility function U(x, y) = min {2x, y}. The price of good x... Peter has a utility function U(x, y) = min {2x, y}. The price of good x is \$5, and the price of good y is \$10. If Peter's income is \$200, how many units of good y would he consume if he chose the bundle that maximizes his utility subject to his budget constraint?

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