Farida has us 55 to spend on apples and oranges the

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Farida has US$ 55 to spend on apples and oranges. Given the information in the following table, is Farida maximizing utility? Briefly Describe.

product

price

quantity

total utility

marginal utility of last unit

apples

$0.50

50

1,000

20

oranges

$0.75

 40

500

30

Reference no: EM13395130

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