Utility Maximization

Utility Maximization - Using marginal analysis find the...

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Units (X & Y) X Y TU MU MU/Dollar TU MU MU/Dollar 0 0 - - 0 - 1 50 100.00 2 96 194.00 3 136 280.00 4 168 356.00 5 190 420.00 6 200 464.00 Assume that John has $56.00 to spend on two goods, X ($4.00) & Y ($8.00).
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Unformatted text preview: Using marginal analysis find the optimal combination of goods X & Y that would maximize John's utility....
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