Essay
Analyze the following data for Julie's utility from consumption of CDs and magazines. 
(A)Determine how much of each good Julie will buy if she has $26,the price of CDs is $10,and the price of magazines is $3.
(B)Suppose the price of magazines goes up to $5.How many copies of magazines will Julie buy now? Why does it change?
Correct Answer:
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(A) Julie will buy 2 CDs and 2 magazines...View Answer
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Correct Answer:
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View Answer
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