Utility function for fruit and chocolates

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Reference no: EM131238810

Suppose your utility function for fruit (F) and chocolates (C) is U(F,C) = F + 4C. If you reduce your chocolate consumption by 2 units, how much do you have to increase your fruit consumption in order to maintain the same utility level?

a) 2 units

b) 4 units

c) 6 units

d) 8 units

Reference no: EM131238810

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