Question: A consumer has the utility functionU(X,Y)= MIN(4X, 5Y)and $188 to spend.The price of X = $4, and the price of Y = $1.Calculate the equivalent

A consumer has the utility functionU(X,Y)= MIN(4X, 5Y)and $188 to spend.The price of X = $4, and the price of Y = $1.Calculate the equivalent variation when the price of X changes to $11.Round your answer to two decimal places.

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