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What bundle of apples and kumquats

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Andy purchases only 2 goods, apples (q1) and kumquats(q2). He has an income of $40 and can buy apples at a $2 per pound and kumquats at $4 per pound. His utility function is U(q1,q2)=3q1+5q2.What is his marginal utility for apples, and what is his marginal utility for kumquats? What bundle of apples and kumquats should he purchase to maximize his utility? Why?

Reference no: EM132323677

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