Mary spends all her budget on statistical software (S) and office supplies(O). Her preferences can be represented by the utility function: U(S, O) =2 ln(S) + 3 ln(O). Suppose that the price of software is pS = 2, the price of officesupplies is pO = 3, and Mary’s income is I = 10. What bundle ofsoftware and office supplies (S, C) maximizes Mary’s utility?

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A: Utility: - Utility is the satisfaction derived by any consumer from consuming a good or service.

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