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EXAMPLE A.4.3 Mary has a weekly allowance of 10, all of which she spends on newspapers (N) and magazines (M), whose respective prices are 1

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EXAMPLE A.4.3 Mary has a weekly allowance of 10, all of which she spends on newspapers (N) and magazines (M), whose respective prices are 1 and 2. Her utility from these purchases is given by U(N) + V(M). If the values of U(N) and V(M) are as shown in the table, is Mary a utility maximizer if she buys 4 magazines and 2 newspapers each week? If not, how should she reallocate her allowance

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