Lorenzo lives on x and y alone. His utility function is U(x, y) = min{3x + 4y, 7y}. The prices of both goods are positive. He will Question options:   never buy more x than y.   buy equal amounts of the two goods.   always buy more y than x.   always buy more x than y.   More than one of the above is true. What is the correct answer to this and why?

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Q: His utility

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