Question: Mike has a utility function given by U = 10*min{2 C , M }, where C is cereal and M is milk. Cereal costs 4

Mike has a utility function given by U = 10*min{2 C , M }, where C is cereal and M is milk. Cereal costs 4 per unit and milk costs 6 per unit. If Mike has income of 800, what is the maximize utility by purchasing? please show the detailof the solution.

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