measurement for utility
If George spends $5 (total) a week on good X and good Y, andif the price of each good is $1 per unit, then how many units of each good doeshe purchase to maximize utility?
To maximize the utility, George has to spend all his moneybuying one type of good Either he buys 5 units of good X or 5 units of good Y
Question (answer this question by using the informationprovided above)
Given the number of units of each good George purchased inthe above summary, what is his total utility?
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