Joe has $16 to spend on Twinkies and Ho-Hos. Twinkies have a price of $1 per pack,
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Marginal 20 utility of 18 Ho-Hos 16 14 12 10 Marginal utility of Ho-Hos 2 10 12 Quantity of Ho-Hos (number of packs) 6. Marginal 12 utility of Twinkies 10 Marginal utility of Twinkies 3 Quantity of Twinkies (number of packs) 4)
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Joe will maximize his utility if he spends his 16 so tha...View the full answer
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I am a highly enthusiastic person who likes to explain concepts in simplified language. Be it in my job role as a manager of 4 people or when I used to take classes for specially able kids at our university. I did this continuously for 3 years and my god, that was so fulfilling. Sometimes I've skipped my own classes just to teach these kids and help them get their fair share of opportunities, which they would have missed out on. This was the key driver for me during that time. But since I've joined my job I wasn't able to make time for my passion of teaching due to hectic schedules. But now I've made a commitment to teach for at least an hour a day.
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