Question: consider my utility u functions for q1and q2u130q1q12and u220q215q22 the...
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Consider my utility (U) functions for Q1and Q2:U1=30Q1–Q12and U2=20Q2–1.5Q22. The market prices for Q1and Q2respectively are PM1= 1and PM2= 3. My budget is $100.(a) How much Q1and Q2should I purchase to maximize my total utility (TU)?(b) Compute my TU at the optimum quantities.
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