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Monthly income of $200 between meat and potatoes. Suppose meat cost $4 and potatoes $2. Draw her budget line. Suppose the utility function is given
Monthly income of $200 between meat and potatoes. Suppose meat cost $4 and potatoes $2. Draw her budget line. Suppose the utility function is given u(m,p) = 2m + p, what combination of meat and potatoes will now maximize the utility
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