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Mary loves to go dancing and read books. Each month, Mary has $1000 to spend on dancing and reading. Her utility function is given by
Mary loves to go dancing and read books. Each month, Mary has $1000 to spend on dancing and reading. Her utility function is given by U = D2R3 where D is the number of times she goes dancing and R is the number of novels she reads. Dancing costs $8 and reading a novel costs 4$. Find Mary's utility maximizing consumption bundle.
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