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In a month, Bobby consumes the quantity of lobster dinners so that his marginal utility from a lobster dinner is 500 units. The price of

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In a month, Bobby consumes the quantity of lobster dinners so that his marginal utility from a lobster dinner is 500 units. The price of a lobster dinner is $20. He also is consuming the quantity of steak dinners so that its marginal utility is 300 units, while its price is $30. Bobby is allocating his entire budget. What should he do to maximize his total utility? consume more lobster dinners and fewer steak dinners O consume more steak dinners and fewer lobster dinners consume the current combination of lobster and steak dinners Not enough information is given to answer the

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