Question: Elmer has the utility function U (x, y) = min (x, y ^ 2). a) What utility does Elmer get from consuming 4 units of

Elmer has the utility function U (x, y) = min (x, y ^ 2). a) What utility does Elmer get from consuming 4 units of x and 2 units of y? b) What utility does Elmer get from consuming 5 units of x and 2 units of y?

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