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Dollars to spend on coffee and orange juice

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Matt considers coffee (C) and orange juice (J) as substitutes. His utility function is u(C,J) = C + αJ, where α > 0. Suppose the price of coffee is PC = 4, the price of orange juice is PJ = 2, and that Matt has an income of M = 100 dollars to spend on coffee and orange juice.

Reference no: EM132492485

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