You have $64 to spend on fish (F)and chips (C).Suppose the price per unit of fish (P_f)is $8 and the price of chips (P_c)is $2.Your utility function for fish and chips is given as such that and are the marginal utilities of F and C.How many units of C and F should you buy to exhaust all income and to maximize utility?

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The Answer of You have $64 to spend on fish (F)and chips (C).Suppose the price per unit of fish (P_f)is $8 and the price of chips (P_c)is $2.Your utility function for fish and chips is given as such that and are the marginal utilities of F and C.How many units of C and F should you buy to exhaust all income and to maximize utility?

You Have $64 to Spend on Fish (F)and Chips (C)