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Max's preferences for donuts (x1) and coffee (x2) are described by U(x1, x2) = 4x1 + x2. Suppose Max's weekly budget for donuts and coffee
Max's preferences for donuts (x1) and coffee (x2) are described by U(x1, x2) = 4x1 + x2. Suppose Max's weekly budget for donuts and coffee is $40, and the prices for donuts and coffee are $1, and $2 respect Compute Max's optimal bundle.ively
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