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Thursday, 12 May 2022 12.) The Table below shows the quantity of Bread and quantity of Eggs Professor Never-Give-UP consumed as well as his total
Thursday, 12 May 2022 12.) The Table below shows the quantity of Bread and quantity of Eggs Professor Never-Give-UP consumed as well as his total utility from seeing each consumption. Given that the price of bread is N$14 and the price of eggs is N$7, Find Professor Never-Give -Up point of happiness maximisation if his income is N$56. (i) How many loaf of bread and eggs should Professor Never- Give-Up consume to maximise his utility? Bread Total Utility Eggs (Quantity) (Quantity) Total Utility 22 16 43 31 3 63 45 81 58 97 70 111 81 123 91 8 133 8 100
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