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Suppose that Sam consumes two products - food (f) and clothing (c).A unit of food costs $5 and a unit of clothing costs $20.Sam's income
Suppose that Sam consumes two products - food (f) and clothing (c).A unit of food costs $5 and a unit of clothing costs $20.Sam's income is $6,000Assume his utility function is U = 0.2fc. Solve for Sam's optimal consumption bundle.
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