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3.Dannel spends his income on fishing lures and guitar picks. Lures (L) are priced at $2 while a package of guitar picks (G) costs $1.

3.Dannel spends his income on fishing lures and guitar picks. Lures (L) are priced at $2 while a package of guitar picks (G) costs $1. Assume Dannel has $30 to spend and his utility function can be represented as

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