Suppose that Arthur cares only about video games and coffee. His utility function is U = VC, where V is the number of video games that he plays and C is the number of cups of coffee that he drinks. The price of video games is $50, and the price of coffee is $3. Arthur has a budget of $800. What is the Lagrangian equation that can be used to solve Arthur's utility maximization problem?
A)
B)
C)
D)
Correct Answer:
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