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Assume the price of cola is $8 per unit and the price of pretzels is $4 per unit. Table 19.3 Michael's Utility Schedule Units of
Assume the price of cola is $8 per unit and the price of pretzels is $4 per unit. Table 19.3 Michael's Utility Schedule Units of Cola 1 TU of Cola 40 MU of Cola 40 32 24 Units of Pretzels 1 TU of Pretzels 30 MU of Pretzels 30 20 16 2 3 2 96 3 4 5 66 78 112 124 5 84 Refer to Table 19.3. If Michael has $48 to spend on cola and pretzels, what combination should he purchase in order to maximize his utility? Five colas and five pretzels, Five colas and two pretzels. Three colas and five pretzels. Four colas and four pretzels
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