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The utility function for Guns and Roses is given by = 2 + 1. Price of both of them equals $3 each. a. What is
The utility function for Guns and Roses is given by = 2 + 1. Price of both of them equals $3 each.
a. What is the Marginal Utility of consuming Guns? Roses? (4 points)
b. At what quantities of Guns and Roses will the consumer maximize satisfaction?
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