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Consider an individual with an income of $24 to spend on three goods, A, B and C with prices $2, $3 and $1, respectively. The
Consider an individual with an income of $24 to spend on three goods, A, B and C with prices $2, $3 and $1, respectively. The marginal utility of the first five units of the three goods are shown in the table below.
List all the possible combinations using the rational spending rule and determine his optimal consumption combination of the three goods
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