Mandy optimal consumption amount of vodka

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Mandy drinks cranberry juice and vodka in fixed proportions. Her utility function is of the following form:

U =min{ 93 Cranberry Juice, 32 Vodka}

The price of vodka is $67 per ounce, the price of cranberry juice is $27 per ounce and her income is $2,738.

What is Mandy's optimal consumption amount of vodka?

Reference no: EM132091692

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