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Suppose that a person consumes apples (A) and bananas (B), and has utility function u(A,B) = A 1/2 + B 1/3 . The price of
Suppose that a person consumes apples (A) and bananas (B), and has utility function u(A,B) = A1/2 + B1/3. The price of apples is 3, the price of bananas is 4, and income is 24. Use the Lagrange multiplier method to find her optimal bundle.
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