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The table shows the utility that Jason receives from cookbooks and spy novels. What two conditions are met when a consumer is maximizing utility? When
The table shows the utility that Jason receives from cookbooks and spy novels. What two conditions are met when a consumer is maximizing utility? When Jason is maximizing his total utility he spends V all ofhis available income and equalizes his marginal utility per doilarfor all goods some of his available income and saves some of his available income' and equalizes his marginal utility for all goods all of his available income and equalizes his total utility per dollar for all goods all ofhis available income and equalizes his total utility for all goods If the price ofa cookbook is $20 and the price of a spy novel is $10, and Jason has $60 to spend on these two goods, how many of each does he buy if he is maximizing utility? Jason buys cookbooks and spy novels. Utility from Utility from Quantity per month cookbooks spy novels 1 60 35 2 110 60 3 150 T5 4 160 85 5 200 90 6 206 92
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