Simplify and write the answer in exponential notation using positive exponents. Then evaluate. 
Definitions:
Maximizing Utility
The process of allocating resources to obtain the highest possible satisfaction or utility.
Money Income
Refers to the total income received in the form of money, including wages, salaries, and other earnings.
Marginal Utility
The additional satisfaction or utility that a consumer derives from consuming an additional unit of a good or service.
Purchases
The act of buying goods or services.
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