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Write the equation for her budget line and draw it

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Samira has a monthly income of $200 that she allocates among two goods: meat and potatoes.

a). Suppose meat costs $4 per pound and potatoes $2 per pound. Write the equation for her budget line and draw it.

Suppose also that her utility function is given by the equation U(M, P) = 2M + P. What combination of meat and potatoes should she buy to maximize her utility? (Note: Assume that meat and potatoes are perfect substitutes.)

Reference no: EM132373325

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