Suppose Joe's utility for lobster (L)and soda (S)can be represented as U = L⁰.⁵ S⁰.⁵.Joe walks into a restaurant with $72.Lobsters cost $18 each and sodas cost $2 each.How much lobster and soda will Joe consume if he intends to spend all his money? (There are no tax and no tips.)

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The Answer of Suppose Joe's utility for lobster (L)and soda (S)can be represented as U = L⁰.⁵ S⁰.⁵.Joe walks into a restaurant with $72.Lobsters cost $18 each and sodas cost $2 each.How much lobster and soda will Joe consume if he intends to spend all his money? (There are no tax and no tips.)

Suppose Joe's Utility for Lobster (L)and Soda (S)can Be Represented