[Solution Library] Unit of Product A Product A Product B Product B Product Price $1 - MU MU/Pa Price $2 - MU MU/Pb 1 10 24 2 8 20 3 7 18 4 6 16 5 5 12 6
Question:
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Unit of Product A Product A Product B Product B
Product Price $1 - MU MU/Pa Price $2 – MU MU/Pb
1 10 24
2 8 20
3 7 18
4 6 16
5 5 12
6 4 6
7 3 4
Given the above data, what is the utility maximizing combination with an income of $10? - Assume the price of B drops to $1. What is the utility maximizing combination?
- Construct a Demand Schedule for B given the above data.
Deliverable: Word Document 
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