What is the minimum level of the price of x1 compatible

Reference no: EM13209310

the utility function (x1,x2)= (x1+1)(x2+4). The price of x2 is $1. Lee spends all his income to buy 6 units of x2 and no x1. What is the minimum level of the price of x1 compatible with these facts?

Reference no: EM13209310

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