This topic contains a solution. Click here to go to the answer

Author Question: If the utility function (U) between food (F) and clothing (C) can be represented as U = , the ... (Read 122 times)

frankwu

  • Hero Member
  • *****
  • Posts: 549
If the utility function (U) between food (F) and clothing (C) can be represented as U = , the marginal utility of food equals
◦ 1/2.
.
.
◦ 1/2.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by frankwu on Jun 18, 2019

verrinzo

  • Sr. Member
  • ****
  • Posts: 346
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly




verrinzo

  • Sr. Member
  • ****
  • Posts: 346

madam-professor

  • Hero Member
  • *****
  • Posts: 584
If the utility function (U) between food (F) and clothing (C) can be represented as U = , the marginal utility of food
◦ increases as one obtains more clothing.
◦ is not affected by the amount clothing.
◦ is not positive.
◦ does not diminish as food increases.



Ddddd

  • Sr. Member
  • ****
  • Posts: 334
increases as one obtains more clothing.



Arii_bell

  • Hero Member
  • *****
  • Posts: 596
If the utility function (U) between food (F) and clothing (C) can be represented as U = , the marginal rate of substitution of clothing for food equals
◦ -.
◦ -F/C.
◦ -.
◦ -C/F.






 

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

For a complete list of videos, visit our video library