A consumer has a budget of $50 to spend on either hamburgers or hot dogs. Hamburgers cost
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A consumer has a budget of $50 to spend on either hamburgers or hot dogs. Hamburgers cost $5 each, and hot dogs cost $2 each. If the consumer's marginal utility for hamburgers is 10 and for hot dogs is 8, how many hamburgers and hot dogs should the consumer buy to maximize utility while staying within the budget?
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