Business, 23.11.2019 06:31 kianajackson9828
The consumer's budget constraint is $6 = 0.50g + p, where g is packs of gum and p is bags of pretzels. the marginal utility of pretzels is mup = g0.5, and the marginal utility of gum is mug = 0.5g–0.5p. the consumer's utility function is u = g0.5p. the utility-maximizing bundle consists of packs of gum and bags of pretzels.
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The consumer's budget constraint is $6 = 0.50g + p, where g is packs of gum and p is bags of pretzel...
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