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Charlie has a utility function U(A, B) = A 3 B 2 . The price of apples is $2, and the price of bananas is
Charlie has a utility function
U(A, B) = A3B2.
The price of apples is $2,
and the price of
bananas is $4. If Charlie's income
is $100, how many units of bananas
would he consume if he chose
the bundle that maximizes his
utility subject to his budget
constraint?
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