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Problem 1 (Optimization) - 45 points. Suppose that a consumer wants to maximize her utility as expressed by utility function u(c1, (:2). Her income is

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Problem 1 (Optimization) - 45 points. Suppose that a consumer wants to maximize her utility as expressed by utility function u(c1, (:2). Her income is M = $100 and the prices of goods 1 and 2 are 361 and pig, respectively. The consumer faces nonnegativity constraints. (1) Write down the problem of the consumer. (5 pts.)

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