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Sofia consumes only two goods, steak and green beans. At her current consumption level, the marginal utility of steaks is 30 and the marginal utility
Sofia consumes only two goods, steak and green beans. At her current consumption level, the marginal utility of steaks is 30 and the marginal utility of beans is 12. Steaks cost $6 a pound, and beans cost $3 a can. Is Sofia doing the best she can? If not, how should she change her spending?
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