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You have 4000 to spend on entertainment this year (lucky you!). The price of a day trip (T) is $40 and the price of a
You have 4000 to spend on entertainment this year (lucky you!). The price of a day trip (T) is $40 and the price of a pizza and a movie (M) is $20. Suppose that utility function is U(T,M) = T3/4 M1/4.
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