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Business, 16.03.2020 20:28 MissDumb1

Suppose a consumer has income of $120 per period, and faces prices pX  2 and pZ  3. Her goal is to maximize her utility, described by the function U  10X0.25Z0.75. Calculate the utility maximizing bundle (X*, Z*).

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Suppose a consumer has income of $120 per period, and faces prices pX  2 and pZ  3. Her goal is to...

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