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 143 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?

The average adult has about 21 square feet of skin.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

For a complete list of videos, visit our video library