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What is the utility maximizing or optimization condition

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Reference no: EM13741709

1. Mary is in equilibrium. The MUa =6, MUb =12, Pa=2, what is the price of b?

2. Zach is in equilibrium. The MUa=2, MUb=8, what is the price of a in terms of the price of b?

3. What is the utility maximizing or optimization condition?

Reference no: EM13741709

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