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Question: please answer question 5 please solve it in terms of...

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Please answer question 5. Please solve it in terms of MRS and price ratio. Explain the steps slowly please because I have trouble following the problems or solving it. In Problems 5 - 7, you are given the utility function u(x, y), income I and two sets of prices: initial prices pa.Py and final prices prpy. For each problem, you are to find: (a) the optimal choice at the initial prices (b) the optimal choice at the final prices (c) the change optimal choice at final prices- optimal choice at initial prices (d) the income effect and the substitution effect 5) u(z, y)-min(z, 3y), 1-14; P.-1, Pv-2, P,-2, p,-2

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