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Business, 21.02.2020 02:15 haleysmith3456

Bricelynn is a college student who spends all of her income on tuition and textbooks for school. The price of one credit hour is $320, and the price of a textbook is $200. Her current marginal utility of taking one additional credit hour is 80, while her marginal utility of having another book is 40.

(a) Is Bricelynn maximizing her utility? Why or why not?

(b) What should Bricelynn do? Buy more books or fewer? Enroll in more classes or drop some? Explain.

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