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Peggy has $24 per week in her entertainment budget. She splits her time between going to the movies and yoga classes. Each movie costs $8 while each...
Peggy has $24 per week in her entertainment budget. She splits her time between going to the movies and yoga classes. Each movie costs $8 while each yoga class costs $3. The total utility from each of these activities is set out in the table below. What is Peggy's total utility maximizing point?