Question: pls answer this question Greg has the following utility function: u. = #:2893372. He has an income of $86.00, and he faces these prices: (p1,

 pls answer this question Greg has the following utility function: u.

pls answer this question

= #:2893372. He has an income of $86.00, and he faces these

Greg has the following utility function: u. = #:2893372. He has an income of $86.00, and he faces these prices: (p1, pg) 2 (8.00, 1.00]. Suppose that the price of 22] increases by $1.00. Calculate the compensating variation for this price change. Giveyour answer to two decimals. $

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