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A child is given $2.50 of pocket money to be spent on either hard candies or chocolates. Chocolates cost 10 cents and hard candies 50
A child is given $2.50 of pocket money to be spent on either hard candies or chocolates. Chocolates cost 10 cents and hard candies 50 cents each. The marginal utilities derived from each product are as shown in 15 the following table. Number of Items MU of Chocolates MU of Hard Candies 1 60 150 2 50 140 eBook 3 40 120 4 30 100 5 20 80 6 10 70 50 8 20 Which combination would give the child the maximum utility out of spending $2.50? Multiple Choice O 7 chocolates and 3 hard candies O 8 chocolates and 2 hard candies O 5 chocolates and 4 hard candies O 4 chocolates and 4 hard candies Type here to search O 82'F Sunny ~ 91 x ( DELL
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