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Each week, Lydia consumes wine and cheese, and spends her maximum allocated income on these goods. The price of wine is $12 per glass, and
Each week, Lydia consumes wine and cheese, and spends her maximum allocated income on these goods. The price of wine is $12 per glass, and the price of a serving of cheese is $. Based on this week's consumption Lydia's marginal utility of wine is 36, and her marginal utility of cheese is 10. Given this informationdid Lydia maximize her utility subject to her budget?
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