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(b ) Assume that we can measure Jacob's satisfaction with utils and Jacob's marginal utility of Legos and toy guns are as follows: Quantity of
(b ) Assume that we can measure Jacob's satisfaction with utils and Jacob's marginal utility of Legos and toy guns are as follows: Quantity of Legos MULego Quantity of Toy MU Toy Guns 35 24 N 20 2 14 3 15 3 12 -A 10 4 5 5 5 6 Given the price of Lego is RM5, the price of toy gun is RM4 and Jacob's income is RM27. Explain how Jacob can maximize his utility given the marginal utility of Legos and toy guns. (15 marks)
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