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Ning views two potatoes as perfect substitute for one unit of meat. Her utility function is U = P + 2M , where P is
Ning views two potatoes as perfect substitute for one unit of meat. Her utility function is
U = P + 2M, where P is potatoes and M is meat.
Suppose meat costs $10 per unit and potatoes $4 per unit. She has a monthly income of $200 that she allocates among two goods.
What combination of meat and potatoes should Ning buy to maximize her utility under her budget?
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