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Consider Jen, a consumer with preferences (, ) = 1/32/3, where H is the quantity of housing and F is the quantity of food (per
Consider Jen, a consumer with preferences (, ) = 1/32/3, where H is the quantity of housing and F is the quantity of food (per month). Suppose Jen has a stipend of $600/month which she uses to purchase food at a price of $2/unit and housing at a price of $8/unit. (use food on X-axis and housing on Y-axis) Compute Jen's utility-maximizing bundle of goods.
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