Question: Question 17 3 pts Answer the question on the basis of the following total utility data for products L and M. Assume that the


Question 17 3 pts Answer the question on the basis of the following total utility data for products L and M. Assume that the prices of L and M are $3 and $4, respectively, and that the consumer's income is $18. Units of L 2 3 4 Marginal Utility of L 9 6 3 2 1 Units of M 2 3 4 Marginal Utility of M 16 12 8 4 2 How many units of the two products will the rational consumer purchase? 0 40fLand 2 of M 0 3 of L and none of M 0 20fLand 3 of M @ 30fLand 50fM
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