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Consider the utility function U(X,Y)=30X^.8 Y^.2.
–For the points X = 1, 5, 10, and 20 find the Y such that the pair (X,Y) lies on the indifference curve associated with U = 10.
–Explain why these points are unique on this indifference curve. Please use at least 3 properties of indifference curves and any of the assumptions regarding utility to justify your response. Your response should include graphs.
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