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What is optimal consumption

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Reference no: EM132130035

Vera has a utility function V(F,C)= FC.

a. What is her MRS of food for clothing? (the marginal utility from food, MU(F)=C, and the marginal utility from clothing, MU(C)=F)

b. If her income is 100 and the food price is 1 and the clothing price is 2, what is her optimal consumption

Reference no: EM132130035

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