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EXERCISE 6 If Ginna spends her entire budget, she could buy a chosen set of groceries and also buy 10 notebooks. If she spends only

EXERCISE 6

If Ginna spends her entire budget, she could buy a chosen set of groceries and also buy 10 notebooks. If she spends only half of her budget, she could only buy a set of groceries and could not afford any notebooks. Suppose Ginna's budget is 150. Her preferences for groceries (G) and notebooks (N) can be described by the following utility function:

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