In Problem 6, Elmer's utility function is U(x, y) = min{x, y²}. If the price of x is $15, the price of y is $20, and Elmer chooses to consume 7 units of y, what must Elmer's income be? A) $245 B) $1,750 C) $975 D) $875 E) There is not enough information to tell.

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The Answer of In Problem 6, Elmer's utility function is U(x, y) = min{x, y²}. If the price of x is $15, the price of y is $20, and Elmer chooses to consume 7 units of y, what must Elmer's income be? A) $245 B) $1,750 C) $975 D) $875 E) There is not enough information to tell.

In Problem 6, Elmer's Utility Function Is U(x, Y) =