Question: Shaela has preferences described by the utility function u = (x 1)0.8(x 2) 0.2. p 1 = $8 per slice p 2 = $4 per

Shaela has preferences described by the utility function u = (x 1)0.8(x 2) 0.2.

p 1 = $8 per slice

p 2 = $4 per pound

m = $80 per week

What is Shaela's utility at her optimum bundle?

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