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For a consumer, the marginal utility of good A is 25 and its price is $5. The marginal utility of good B is 60 and its price is $12. The consumer has allocated his entire budget. Is this consumer maximizing his total utility? Explain your answer.
Formula Ratio
A mathematical relationship or proportion between two or more numbers or quantities, often used in calculations for medication dosages.
Active Ingredient
The component of a medication or substance that is biologically active, responsible for its effects.
Solution Ratio
The proportion of solute to solvent in a solution, often important in the preparation of medical and chemical solutions.
Diluent
A substance used to dilute another substance, reducing its concentration without altering its chemical structure.
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