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Business, 30.07.2021 17:10 alissa3329

Suppose the marginal utility you receive from the last unit of soda you consumed is 225 utils and the marginal utility of the last unit of hot dog consumed is 250 utils. Suppose also that the price of a soda is $0.75 and the price of a hot dog is $1.25. Given your budget constraint if you want to maximize total utility, you will:

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