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In all problems assume that U(x,y)=xy For lunch, Maria eats only salads or vegetarian burgers. Her weekly food budget is $36. Each salad costs $6
In all problems assume that U(x,y)=xy
- For lunch, Maria eats only salads or vegetarian burgers. Her weekly food budget is $36. Each salad costs $6 and each vegetarian burger costs $3. When deciding how much of each good to buy, Maria knows that 2 salads and 4 vegetarian burgers will give her a utility of 8. Find Maria's utility-maximizing point. (5 points)
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Principles of Macroeconomics
Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster
12th edition
134078802, 978-0134078809
