When Ali allocates his budget so as to maximize his utility, what does he buy and what
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When Ali allocates his budget so as to maximize his utility, what does he buy and what is the marginal utility per dollar?
The table shows the marginal utility that Ali gets from smoothies and movies. Ali has $30 a week to spend. The price of a movie ticket is $6, and the price of a smoothie is $3.
Transcribed Image Text:
Quantity (per day) - 2 3 4 5 6 Marginal utility from movies smoothies 7 6 5 4 3 2 30 24 18 12 6 0
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